Deutsche Bank Maintains a 'Buy' on Las Vegas Sands (LVS); Adjusting Numbers After Macau Visit
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Price: $57.55 -0.43%
Rating Summary:
18 Buy, 7 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
18 Buy, 7 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade LVS Now!
Deutsche Bank maintains a 'Buy' on Las Vegas Sands (NYSE: LVS) price target of $58.00 (from $68.00).
Analyst, Carlo Santarelli, said, "After our time in Macau and given current valuations/expectations, we see LVS as the preferred way to play the Macau market over the near term given our belief that mass market trends remain healthy and poised for continued 25-30% growth through the balance of t e year. Furthermore, we think sluggish share gains in recent months relate more to the limited ramp at SCC and we anticipate the property will continue to improve both GGR and margins on a monthly basis. As such, we believe LVS is likely to show market share acceleration in each of the next several months, thereby shielding the stock through difficult market growth comparison periods this summer."
"We are lowering our 2Q12, 2012, and 2013 forecasts for LVS. Our 2Q12, 2012, and 2013 EBITDA estimates, after corporate and rent expenses, go to $953 million (from $969 million), $4,025 million (from $4,167 million), and $4,780 million (from $4,987 million), respectively. Our 2Q12, 2012, and 2013 EPS estimates go to $0.62, $2.68, and $3.22 from $0.64, $2.79, and $3.38, respectively."
For an analyst ratings summary and ratings history on Las Vegas Sands click here. For more ratings news on Las Vegas Sands click here.
Shares of Las Vegas Sands closed at $42.97 yesterday, with a 52 week range of $36.08-$62.09.
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Analyst, Carlo Santarelli, said, "After our time in Macau and given current valuations/expectations, we see LVS as the preferred way to play the Macau market over the near term given our belief that mass market trends remain healthy and poised for continued 25-30% growth through the balance of t e year. Furthermore, we think sluggish share gains in recent months relate more to the limited ramp at SCC and we anticipate the property will continue to improve both GGR and margins on a monthly basis. As such, we believe LVS is likely to show market share acceleration in each of the next several months, thereby shielding the stock through difficult market growth comparison periods this summer."
"We are lowering our 2Q12, 2012, and 2013 forecasts for LVS. Our 2Q12, 2012, and 2013 EBITDA estimates, after corporate and rent expenses, go to $953 million (from $969 million), $4,025 million (from $4,167 million), and $4,780 million (from $4,987 million), respectively. Our 2Q12, 2012, and 2013 EPS estimates go to $0.62, $2.68, and $3.22 from $0.64, $2.79, and $3.38, respectively."
For an analyst ratings summary and ratings history on Las Vegas Sands click here. For more ratings news on Las Vegas Sands click here.
Shares of Las Vegas Sands closed at $42.97 yesterday, with a 52 week range of $36.08-$62.09.
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