Research analysts at RBC Capital hoisted their target price on shares of Wynn Resorts (NASDAQ:WYNN) from $176.00 to $182.00 in a report released on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 8.22% from the stock’s previous close.
WYNN has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Wynn Resorts from $183.00 to $186.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Wynn Resorts from $162.00 to $193.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Wynn Resorts from $190.00 to $195.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $159.76.
Shares of Wynn Resorts (NASDAQ:WYNN) opened at 168.18 on Friday. Wynn Resorts has a 52-week low of $103.34 and a 52-week high of $151.25. The stock has a 50-day moving average of $140.5 and a 200-day moving average of $132.3. The company has a market cap of $16.899 billion and a price-to-earnings ratio of 31.42.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.65 by $0.19. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 21st. Investors of record on Thursday, November 7th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Tuesday, November 5th.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. The Company owns and operates two destination casino resorts.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.