Wynn Resorts Downgraded to Neutral at ISI Group (WYNN)
Wynn Resorts (NASDAQ:WYNN) was downgraded by ISI Group from a “buy” rating to a “neutral” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
Shares of Wynn Resorts (NASDAQ:WYNN) traded up 0.87% on Monday, hitting $151.66. 138,630 shares of the company’s stock traded hands. Wynn Resorts has a 52-week low of $103.34 and a 52-week high of $151.25. The stock’s 50-day moving average is $140.5 and its 200-day moving average is $132.3. The company has a market cap of $15.239 billion and a price-to-earnings ratio of 27.33.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.51 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Wynn Resorts will post $6.68 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Wynn Resorts (NASDAQ:WYNN) from $136.00 to $150.00 in a research note to investors on Wednesday, September 11th. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Wynn Resorts (NASDAQ:WYNN) in a research note to investors on Wednesday, September 11th. They now have a $190.00 price target on the stock, up previously from $156.00. Finally, 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.
One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $142.27.
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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