Wynn Resorts Price Target Raised to $255.00 at Deutsche Bank (WYNN)
Research analysts at Deutsche Bank raised their price target on shares of Wynn Resorts (NASDAQ:WYNN) from $249.00 to $255.00 in a report released on Friday, Analyst Ratings Net reports. Deutsche Bank’s price objective suggests a potential upside of 26.54% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $192.48.
Wynn Resorts (NASDAQ:WYNN) traded up 3.22% during mid-day trading on Friday, hitting $208.00. 866,852 shares of the company’s stock traded hands. Wynn Resorts has a 52-week low of $113.39 and a 52-week 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 $20.942 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. Analysts expect that Wynn Resorts will post $7.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 27th. Stockholders 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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