Wynn Resorts, Limited Lowered to Underweight at Morgan Stanley (WYNN)
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group cut their price target on shares of Wynn Resorts, Limited from $255.00 to $240.00 in a research note on Monday, June 9th. They now have a “not rated” rating on the stock. Separately, analysts at Janney Montgomery Scott reiterated a “positive” rating on shares of Wynn Resorts, Limited in a research note on Monday, May 12th. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Monday, May 5th. They now have a $266.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $226.63.
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 197.45 on Wednesday. Wynn Resorts, Limited has a 52 week low of $121.84 and a 52 week high of $249.31. The stock’s 50-day moving average is $205.9 and its 200-day moving average is $209.2. The company has a market cap of $19.907 billion and a P/E ratio of 26.94.
Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings data on Thursday, May 1st. The company reported $2.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.07 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company posted $2.03 earnings per share. Wynn Resorts, Limited’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that Wynn Resorts, Limited will post $8.88 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.