Wynn Resorts’s “Hold” Rating Reaffirmed at FBR Capital Markets (WYNN)
Wynn Resorts (NASDAQ:WYNN)‘s stock had its “hold” rating reaffirmed by analysts at FBR Capital Markets in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports.
Shares of Wynn Resorts (NASDAQ:WYNN) traded up 3.26% on Friday, hitting $208.08. The stock had a trading volume of 1,399,193 shares. Wynn Resorts has a 1-year low of $113.39 and a 1-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 $20.950 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. Analysts expect that Wynn Resorts will post $7.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 27th. Investors 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 analysts have also recently weighed in on WYNN. Analysts at JPMorgan Chase & Co. raised their price target on shares of Wynn Resorts from $229.00 to $232.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $191.23.
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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