Back to top

Analyst Blog

Zacks Equity Research

Las Vegas Sands Reaches 52-Week High


 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at or call 800-767-3771 ext.  9339.

Shares of casino operator Las Vegas Sands Corp. (LVS - Analyst Report) reached a 52-week high of $74.94 on Wednesday, Dec 4, 2013 after a credit rating upgrade by Standard & Poor.

Standard & Poor upgraded Las Vegas Sands’ corporate rating to BBB- from BB+ with a stable outlook, which implies no upgrades or downgrades in the near term. The rating agency upped its view on the expectation that the company would maintain low debt levels for the next few years, which would keep its liquidity position stable.

The credit rating agency has in fact issued a BBB- issue-level rating to Las Vegas’ proposed $750 million revolving credit facility and $2.5 billion term loan. On Dec 2, 2013, the company announced that it intends to launch a proposed refinancing of its U.S. Restricted Group credit facilities. Barclays Capital, a unit of Barclays PLC (BCS - Snapshot Report), Citi, a unit of Citigroup, Inc. (C - Analyst Report), The Goldman Sachs Group, Inc. (GS - Analyst Report), Bank of America Merrill Lynch, BNP Paribas SA and Scotia Bank have been hired to arrange the re-financing.

Moreover, the rating agency has also raised its rating on Las Vegas Sands' Macau senior secured credit facilities to BBB- from BB+.

As of Sep 30, 2013, the company had $45.5 million of available borrowing capacity under the senior secured credit facility, net of outstanding letters of credit. Cash and cash equivalents was $3.2 billion, up from $2.5 billion as of Jun 30, 2013.

The company’s share price has mostly increased ever since it reported impressive third quarter earnings on Oct 17, 2013. Quarterly earnings grew 78.3% year over year and beat the Zacks Consensus Estimate of 75 cents by 9.33%. Revenues also beat the Zacks Consensus Estimate of $3.6 billion by 3.2% and increased 31.7% year over year, led by the company’s solid Macau business and improving prospects in Singapore and Las Vegas. Year to date, the company has posted positive surprises.

With the company’s strong brand portfolio, its ability to navigate through a difficult operating environment, upcoming projects and cash deployment strategy, we expect the company to remain well positioned. Las Vegas Sands Corp. presently has a Zacks Rank #2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%