NEW YORK ( TheStreet) - Shares of the following stocks hit 52-week highs on Tuesday: Las Vegas Sands ( LVS), Intercontinental Hotels Group ( IHG) and Under Armour ( UA).
Las Vegas Sands The resort company's Chief Executive Officer Sheldon Adelson said that there is no reason for the company to try to partner with Kazuo Okada on Asian ventures, according to Bloomberg. "Japan is the most important growth opportunity, but any decision is likely a ways off," Bank of America Merrill Lynch analysts wrote in a Feb. 15 report. "Meantime, Korea and Vietnam are perhaps larger focuses than we appreciated, with a focus on policy changes there (e.g. taxes and levies on locals). We see Korea as perhaps the most exciting near-term big opportunity and believe LVS is building out a top-tier development organization to support its efforts abroad." Shares of Las Vegas Sands hit a 52-week high Tuesday of $54.80. The stock's 52-week low of $36.05 was set on March 15. Las Vegas Sands has an estimated price-to-earnings ratio for next year of 17.66; the average for gambling companies is 15.19. For comparison, Wynn Resorts ( WYNN) has a lower forward P/E of 16.98. Twenty-three of the 28 analysts who cover Las Vegas Sands rated it buy. Three analysts gave the stock a hold rating and two rated it sell. TheStreet Ratings gives Las Vegas Sands a C+ grade and hold rating.