Wynn Resorts Price Target Increased to $232.00 by Analysts at JPMorgan Chase & Co. (WYNN)
Investment analysts at JPMorgan Chase & Co. lifted their price objective on shares of Wynn Resorts (NASDAQ:WYNN) from $229.00 to $232.00 in a note issued to investors on Friday, Analyst Ratings News reports. JPMorgan Chase & Co.’s price target points to a potential upside of 15.13% from the company’s current price.
Wynn Resorts (NASDAQ:WYNN) traded up 3.22% on Friday, hitting $207.99. 866,456 shares of the company’s stock traded hands. Wynn Resorts has a one year low of $113.39 and a one year high of $216.99. The stock’s 50-day moving average is $196.5 and its 200-day moving average is $163.9. The company has a market cap of $20.941 billion and a P/E ratio of 32.62.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.27 EPS for the quarter, beating the Thomson Reuters 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 declared a quarterly dividend, which is scheduled for Thursday, February 27th. Shareholders of record on Thursday, February 13th will be given a dividend of 1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.48%.
A number of other firms have also recently commented on WYNN. Analysts at Deutsche Bank raised their price target on shares of Wynn Resorts from $249.00 to $255.00 in a research note to investors on Friday. Separately, analysts at Credit Suisse raised their price target on shares of Wynn Resorts from $165.00 to $195.00 in a research note to investors on Friday. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Wynn Resorts currently has an average rating of “Buy” and an average target price of $192.48.
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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