Wynn Resorts, Limited Receives Average Rating of “Buy” from Brokerages (NASDAQ:WYNN)
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have been given an average rating of “Buy” by the twenty-four analysts that are covering the company, Stock Ratings News reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $231.53.
A number of analysts have recently weighed in on WYNN shares. Analysts at Craig Hallum upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $244.00 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 30th. They now have a $272.00 price target on the stock, down previously from $276.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 30th. They now have a $232.00 price target on the stock, down previously from $235.00.
Wynn Resorts, Limited (NASDAQ:WYNN) opened at 200.72 on Tuesday. Wynn Resorts, Limited has a 52 week low of $137.07 and a 52 week high of $249.31. The stock has a 50-day moving average of $206.0 and a 200-day moving average of $212.9. The company has a market cap of $20.256 billion and a price-to-earnings ratio of 24.07.
Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.51 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Wynn Resorts, Limited will post $8.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Investors of record on Tuesday, August 12th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Friday, August 8th.
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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