Las Vegas Sands shares are climbing Monday, on rating upgrade by Deutsche Bank.
Analysts at Deutsche Bank boosted the casino/resort company’s stock to buy from hold.
They also hiked their price target to $70 from $69 – which represents a potential upside of 25% from the stock's closing price on Friday.
Analyst Carlo Santarelli emphasized that Las Vegas Sands currently has a favorable entry point, owing to the largely bearish sentiment towards the Macau gaming market amidst geopolitical headwinds
According to the analyst, Las Vegas Sands has to a large extent priced in the Macau-induced headwinds.
Santarelli belives that the Macau gaming authority will soon release gross gaming receipts that would reveal a positive trend, which turn should propel a turnaround in investor sentiment on Macau.
LVS moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend. In of 45 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where LVS's RSI Indicator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where LVS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LVS advanced for three days, in of 295 cases, the price rose further within the following month. The odds of a continued upward trend are .
LVS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on May 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on LVS as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for LVS turned negative on May 05, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for LVS crossed bearishly below the 50-day moving average on May 25, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LVS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for LVS entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LVS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.111) is normal, around the industry mean (10.903). P/E Ratio (0.000) is within average values for comparable stocks, (53.505). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.210). Dividend Yield (0.000) settles around the average of (0.046) among similar stocks. P/S Ratio (8.525) is also within normal values, averaging (5.301).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LVS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of casino gaming operations, resort hotel facilities and riverboat casinos
A.I.dvisor indicates that over the last year, LVS has been closely correlated with WYNN. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if LVS jumps, then WYNN could also see price increases.
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