Wynn Resorts, Limited Price Target Cut to $239.00 (WYNN)
Research analysts at Susquehanna decreased their target price on shares of Wynn Resorts, Limited (NASDAQ:WYNN) from $268.00 to $239.00 in a report released on Monday. Susquehanna’s price objective would suggest a potential upside of 19.03% from the company’s current price.
A number of other firms have also recently commented on WYNN. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Wynn Resorts, Limited in a research note on Monday. They now have a $242.00 price target on the stock, down previously from $265.00. Separately, analysts at Morgan Stanley downgraded shares of Wynn Resorts, Limited from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 18th. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $227.72.
Wynn Resorts, Limited (NASDAQ:WYNN) traded down 0.35% on Monday, hitting $200.09. The stock had a trading volume of 455,623 shares. Wynn Resorts, Limited has a 52-week low of $121.84 and a 52-week high of $249.31. The stock has a 50-day moving average of $205.6 and a 200-day moving average of $209.4. The company has a market cap of $20.173 billion and a P/E ratio of 27.16.
Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly 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. On average, analysts predict that Wynn Resorts, Limited will post $8.85 earnings per share 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.
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