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Wynn Resorts, Limited (NASDAQ:WYNN) was downgraded by Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Friday. They currently have a $8.50 price target on the stock, down from their previous price target of $9.00. Deutsche Bank’s price target would indicate a potential downside of 95.40% from the company’s current price.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded down 0.56% during mid-day trading on Friday, hitting $183.735. 269,752 shares of the company’s stock traded hands. Wynn Resorts, Limited has a one year low of $141.23 and a one year high of $249.31. The stock has a 50-day moving average of $202.0 and a 200-day moving average of $211.. The company has a market cap of $18.542 billion and a P/E ratio of 22.79. Wynn Resorts, Limited also was the target of unusually large options trading activity on Tuesday. Investors acquired 19,899 put options on the company. This is an increase of approximately 230% compared to the average daily 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 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. Analysts expect that Wynn Resorts, Limited will post $8.44 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on WYNN. Analysts at Argus downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Friday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $217.34.

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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