Las Vegas Sands Corp
LVS: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ct< | LOCK|^C^^V | LOCK|<z>W^Szv |
Las Vegas Sands Earnings: Prudent Investments Paint a Bright Future; Shares Attractive
Las Vegas Sands shares popped 10% during after-hours trading on Jan. 29, as investors began to look past near-term renovation disruptions and toward the company’s enhanced long-term asset position. We don’t expect a material change to our $60 per share fair value estimate. We see shares of this regulatory advantaged company (source of its narrow moat) as undervalued even after the upward move in shares after earnings.
