12 Most Undervalued Travel Stocks to Buy According to Hedge Funds

Page 3 of 11

9) Las Vegas Sands Corp. (NYSE:LVS)

Forward P/E Ratio as of 13 September: 13.77x

Number of Hedge Funds: 40

Las Vegas Sands Corp. (NYSE:LVS) provides a wide range of gaming activities and overnight accommodations, and the company’s expo centers host a wide range of expositions and other activities.

Wall Street analysts believe that Las Vegas Sands Corp. (NYSE:LVS)’s Macao resorts should see strong revenue growth in 2024 as China lifted COVID-19 restrictions in January last year. The company and the Macao gaming enclave appear to be well-placed for long-term growth. Apart from holding a dominant mass and non-gaming position on Cotai Strip in Macao, market experts believe that Las Vegas Sands Corp. (NYSE:LVS) will reinvest into assets in the region. Finally, this should help strengthen its brand locally.

Las Vegas Sands Corp. (NYSE:LVS)’s ongoing expansion projects should help in enhancing offerings and attract customers. The completion of the MBS Expansion Project together with the renovation of The Londoner Macao should launch new luxury accommodations and entertainment options. Over the long term, such projects should drive future revenue growth and further strengthen its market leadership. While the company is expected to benefit from the booming resorts and casino business, its solid financial position, and stable cash flows should continue to support its spending plans in Macao and Singapore, targeting new opportunities for growth and shareholder value.

In its 2Q 2024 results, the company stated that, in Singapore, Marina Bay Sands posted strong financial and operating performance.  Las Vegas Sands Corp. (NYSE:LVS)’s new suite product and elevated service offerings place it for additional growth, with travel and tourism spending in Asia witnessing an increase.

As per Wall Street analysts, the shares of Las Vegas Sands Corp. (NYSE:LVS) have an average price target is $52.75. As per Insider Monkey’s data, 40 hedge funds were long Las Vegas Sands Corp. (NYSE:LVS).

Page 3 of 11