Las Vegas Sands Corp (LVS): Today's Featured Leisure Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Las Vegas Sands ( LVS) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Las Vegas Sands fell $1.01 (-2.2%) to $45.10 on average volume. Throughout the day, 7.5 million shares of Las Vegas Sands exchanged hands as compared to its average daily volume of 9.5 million shares. The stock ranged in price between $44.80-$45.52 after having opened the day at $45.29 as compared to the previous trading day's close of $46.11. Other companies within the Leisure industry that declined today were: PokerTek ( PTEK), down 10.6%, International Speedway Corporation ( ISCA), down 10.3%, Good Times Restaurants ( GTIM), down 9.7%, and Canterbury Park Holding Corporation ( CPHC), down 6.2%.
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Las Vegas Sands Corp., together with its subsidiaries, owns, develops, and operates various integrated resort properties primarily in the United States, Macau, and Singapore. Las Vegas Sands has a market cap of $37.76 billion and is part of the services sector. The company has a P/E ratio of 26.5, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Las Vegas Sands a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Las Vegas Sands as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Lakes Entertainment ( LACO), up 13.4%, Del Frisco's Restaurant Group ( DFRG), up 5.6%, Nevada Gold & Casinos ( UWN), up 3.6%, and Monarch Casino & Resort ( MCRI), up 3.5%, were all gainers within the leisure industry with Royal Caribbean Cruises ( RCL) being today's featured leisure industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider PowerShares Dynamic Leisure&Entert ( PEJ) while those bearish on the leisure industry could consider ProShares Ultra Sht Consumer Services ( SCC).

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