Credit Suisse Increases Wynn Resorts Price Target to $195.00 (WYNN)
Equities researchers at Credit Suisse upped their price objective on shares of Wynn Resorts (NASDAQ:WYNN) from $165.00 to $195.00 in a research report issued on Friday, AR Network reports. Credit Suisse’s target price would suggest a potential downside of 3.23% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Wynn Resorts from $223.00 to $226.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Wynn Resorts from $195.00 to $235.00 in a research note to investors on Tuesday, January 14th. Finally, analysts at Bank of America Corp. raised their price target on shares of Wynn Resorts to $240.00 in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Wynn Resorts presently has an average rating of “Buy” and a consensus target price of $192.48.
Wynn Resorts (NASDAQ:WYNN) traded up 2.48% on Friday, hitting $206.50. The stock had a trading volume of 1,124,312 shares. Wynn Resorts has a 52 week low of $113.39 and a 52 week high of $216.99. The stock has a 50-day moving average of $196.5 and a 200-day moving average of $163.9. The company has a market cap of $20.791 billion and a price-to-earnings ratio of 32.62.
Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, January 30th. The company reported $2.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.75 by $0.52. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. On average, analysts predict that Wynn Resorts will post $7.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 27th. Investors of record on Thursday, February 13th will be paid a dividend of 1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.48%.
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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