The Best Stock in Nevada: Las Vegas Sands
We analyzed publicly traded companies based in the Silver State to identify the best stock in Nevada to buy now.
We scoured the nation to identify the best stock in every state. Las Vegas Sands (symbol LVS) is the publicly traded company we picked in Nevada. The company headquarters is located in Las Vegas.
A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.
Las Vegas Sands by the Numbers
- Headquarters: Las Vegas
- Share price: $64.34
- Market value: $51.0 billion
- Price-earnings ratio: 26
(Prices and data are as of June 22, 2017)
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Las Vegas Sands develops casinos in the U.S. and Asia, with the bulk of revenues coming from properties in Singapore and the Chinese gambling mecca of Macau.
After more than a two-year slide in the wake of Chinese government regulations, Macau gaming revenues finally bottomed in late 2016. The timing couldn’t have been better for Sands, which unveiled the Parisian Macau in September. The mammoth casino is part of four interconnected Sands hotels on the glitzy Cotai strip that combine for a staggering 13,000 hotel rooms, 840 retail stores and 1.7 million square feet of meeting and convention space. Given Sands’ leadership in the Macau market and relatively stable prospects for its properties in Singapore, CFRA analyst Tuna Amobi sees earnings increasing by 22% this year. He rates the stock a “strong buy.”
Although shares trade near his $65 12-month target price, the stock yields a generous 4.5%. Long-term prospects may be even better. Morningstar projects overall gambling revenue in Macau to increase gradually through 2018, at which point infrastructure projects aimed at improving traffic flow in and out of the gambling capital will bring on double-digit annual growth rates.
Ryan joined Kiplinger in the fall of 2013. He wrote and fact-checked stories that appeared in Kiplinger's Personal Finance magazine and on Kiplinger.com. He previously interned for the CBS Evening News investigative team and worked as a copy editor and features columnist at the GW Hatchet. He holds a BA in English and creative writing from George Washington University.
-
Stock Market Today: Nasdaq Spirals as Netflix Nosedives
A big earnings boom for credit card giant American Express helped the Dow notch another win.
By Karee Venema Published
-
Get These 40 Earth Day Deals and Discounts
Monday, April 22, is Earth Day. Many of your favorite retailers are celebrating with deals on sustainable products, recycling services, and more
By Kathryn Pomroy Published
-
Stock Market Today: Nasdaq Spirals as Netflix Nosedives
A big earnings boom for credit card giant American Express helped the Dow notch another win.
By Karee Venema Published
-
Stock Market Today: S&P 500, Nasdaq Extend Losing Streaks
The two indexes have closed lower for five straight sessions.
By Karee Venema Published
-
Stock Market Today: Dow Slips After Travelers' Earnings Miss
The property and casualty insurer posted a bottom-line miss as catastrophe losses spiked.
By Karee Venema Published
-
Stock Market Today: Stocks Stabilize After Powell's Rate-Cut Warning
The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
By Karee Venema Published
-
Stock Market Today: Stocks Reverse Lower as Treasury Yields Spike
A good-news-is-bad-news retail sales report lowered rate-cut expectations and caused government bond yields to surge.
By Karee Venema Last updated
-
Stock Market Today: Nasdaq Leads as Magnificent 7 Stocks Rise
Strength in several mega-cap tech and communication services stocks kept the main indexes higher Thursday.
By Karee Venema Published
-
Stock Market Today: Stocks Tumble After a Hot Inflation Print
Equities retreated after inflation data called the Fed's rate-cut plans into question.
By Dan Burrows Published
-
Stock Market Today: Stocks End Mixed Ahead of Key Inflation Reading
Equities struggled before tomorrow's big Consumer Price Index report.
By Dan Burrows Published