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Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “buy” rating reiterated by analysts at Nomura in a research report issued to clients and investors on Wednesday. They currently have a $272.00 target price on the stock, down from their previous target price of $276.00. Nomura’s price objective suggests a potential upside of 24.42% from the company’s current price.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded up 0.55% during mid-day trading on Wednesday, hitting $218.61. The stock had a trading volume of 1,773,612 shares. Wynn Resorts, Limited has a 1-year low of $132.61 and a 1-year high of $249.31. The stock has a 50-day moving average of $204.1 and a 200-day moving average of $213.1. The company has a market cap of $22.040 billion and a price-to-earnings ratio of 29.41. Wynn Resorts, Limited also saw unusually large options trading activity on Monday. Investors bought 17,912 call options on the stock. This is an increase of approximately 471% compared to the typical volume of 3,137 call options.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings data on Tuesday, July 29th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.16. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Wynn Resorts, Limited will post $8.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.29%.

Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Wynn Resorts, Limited in a research note on Wednesday. They now have a $232.00 price target on the stock, down previously from $235.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Wednesday. They now have a $228.00 price target on the stock. Finally, analysts at Goldman Sachs reiterated a “positive” rating on shares of Wynn Resorts, Limited in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $227.47.

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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