Wynn Resorts Stock Rating Reaffirmed by Deutsche Bank (WYNN)
Wynn Resorts (NASDAQ:WYNN)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Wednesday, AnalystRatings.Net reports. They currently have a $190.00 price objective on the stock. Deutsche Bank’s target price would suggest a potential upside of 25.94% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of Wynn Resorts (NASDAQ:WYNN) in a research note to investors on Monday, August 26th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Wynn Resorts (NASDAQ:WYNN) in a research note to investors on Tuesday, August 20th. They now have a $146.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Wynn Resorts (NASDAQ:WYNN) in a research note to investors on Wednesday, July 31st. They now have a $140.00 price target on the stock.
One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $140.44.
Shares of Wynn Resorts (NASDAQ:WYNN) traded up 1.09% during mid-day trading on Wednesday, hitting $150.87. 1,144,038 shares of the company’s stock traded hands. Wynn Resorts has a 52 week low of $103.34 and a 52 week high of $149.90. The stock has a 50-day moving average of $138.9 and a 200-day moving average of $131.8. The company has a market cap of $15.160 billion and a P/E ratio of 27.13.
Wynn Resorts (NASDAQ:WYNN) last released its earnings data on Monday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by $0.06. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts expect that Wynn Resorts will post $6.66 EPS for the current fiscal year.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. The Company owns and operates two destination casino resorts.
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