Wynn Resorts, Limited Receives Buy Rating from Deutsche Bank (WYNN)
Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Thursday. They currently have a $242.00 target price on the stock, up from their previous target price of $225.00. Deutsche Bank’s price objective indicates a potential upside of 30.70% from the company’s current price.
A number of other analysts have also recently weighed in on WYNN. 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 issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $230.65.
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 185.24 on Thursday. Wynn Resorts, Limited has a 52 week low of $141.23 and a 52 week high of $249.31. The stock’s 50-day moving average is $202.5 and its 200-day moving average is $211.4. The company has a market cap of $18.693 billion and a price-to-earnings ratio of 22.82. Wynn Resorts, Limited also was the target of unusually large options trading on Tuesday. Traders acquired 19,899 put options on the company. This is an increase of 230% compared to the average volume of 6,022 put options.
Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $2.11 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.51 earnings per share. Wynn Resorts, Limited’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that Wynn Resorts, Limited will post $8.48 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.
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