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Wynn Resorts, Limited (NASDAQ:WYNN) saw some unusual options trading activity on Tuesday. Traders bought 19,899 put options on the company, AnalystRatings.Net reports. This is an increase of approximately 230% compared to the typical daily volume of 6,022 put options.

A number of analysts have recently weighed in on WYNN shares. Analysts at Sterne Agee reiterated a “buy” rating on shares of Wynn Resorts, Limited in a research note on Friday, August 15th. They now have a $245.00 price target on the stock, down previously from $260.00. Separately, analysts at Gabelli downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, analysts at Craig Hallum upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $244.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $230.65.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded down 4.06% on Tuesday, hitting $185.05. The stock had a trading volume of 4,709,143 shares. Wynn Resorts, Limited has a one year low of $140.50 and a one year high of $249.31. The stock’s 50-day moving average is $203.5 and its 200-day moving average is $212.1. The company has a market cap of $18.674 billion and a price-to-earnings ratio of 23.79.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, July 29th. The company reported $2.11 earnings per share (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 $8.49 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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