Wynn Resorts Ltd. Hits New 52-Week High at $206.49 (WYNN)
Shares of Wynn Resorts (NASDAQ:WYNN) hit a new 52-week high during mid-day trading on Thursday, StockRatingsNetwork.com reports. The stock traded as high as $206.49 and last traded at $204.26, with a volume of 967,316 shares trading hands. The stock had previously closed at $205.29.
A number of research firms have recently commented on WYNN. Analysts at Nomura reiterated a “buy” rating on shares of Wynn Resorts in a research note to investors on Tuesday. They now have a $215.00 price target on the stock, down previously from $244.00. Separately, analysts at Citigroup Inc. upgraded shares of Wynn Resorts from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $222.00 price target on the stock, up previously from $168.00. Finally, analysts at Argus initiated coverage on shares of Wynn Resorts in a research note to investors on Friday, December 20th. They set a “buy” rating and a $210.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $175.39.
Wynn Resorts has a 52-week low of $113.39 and a 52-week high of $205.40. The stock has a 50-day moving average of $180.2 and a 200-day moving average of $155.8. The company has a market cap of $20.617 billion and a price-to-earnings ratio of 33.23.
Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, October 24th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.19. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Wynn Resorts will post $7.01 earnings per share 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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