Wynn Resorts (NASDAQ:WYNN)‘s stock had its “fair value” rating reaffirmed by equities research analysts at Janney Montgomery Scott in a research note issued to investors on Friday, Analyst RN reports. They currently have a $215.00 price target on the stock, up from their previous price target of $190.00. Janney Montgomery Scott’s target price points to a potential upside of 24.39% from the company’s current price.
Shares of Wynn Resorts (NASDAQ:WYNN) opened at 172.85 on Friday. Wynn Resorts has a one year low of $103.34 and a one year high of $151.25. The stock’s 50-day moving average is $140.5 and its 200-day moving average is $132.3. The company has a market cap of $17.369 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 announced a quarterly dividend, which is scheduled for Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.31%.
WYNN has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of Wynn Resorts from $155.00 to $195.00 in a research note to investors on Wednesday. They now have a “positive” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Wynn Resorts in a research note to investors on Wednesday, October 16th. They now have a $167.00 price target on the stock, up previously from $140.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Wynn Resorts in a research note to investors on Wednesday, October 16th. They now have a $176.00 price target on the stock, up previously from $150.00. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $155.14.
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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