Wynn Resorts Ltd. Sets New 1-Year High at $172.75 (WYNN)
Wynn Resorts (NASDAQ:WYNN) set a new 52-week high during trading hours on Friday, American Banking News.com reports. The company traded as high as $172.75 and last traded at $171.48, with a volume of 716,297 shares. The stock had previously closed at $169.46.
A number of research firms have recently commented on WYNN. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Wynn Resorts in a research note to investors on Wednesday. They now have a $167.00 price target on the stock, up previously from $140.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Wynn Resorts in a research note to investors on Wednesday. They now have a $176.00 price target on the stock, up previously from $150.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Wynn Resorts from $155.00 to $183.00 in a research note to investors on Friday, October 11th. They now have an “overweight” rating on the stock. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Wynn Resorts currently has an average rating of “Buy” and an average price target of $149.89.
Wynn Resorts has a 52 week low of $103.34 and a 52 week high of $170.79. The stock has a 50-day moving average of $154.9 and a 200-day moving average of $139.1. The company has a market cap of $17.275 billion and a price-to-earnings ratio of 30.81.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly 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 last year, the company posted $1.38 earnings per share. Wynn Resorts’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Wynn Resorts will post $6.78 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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