Wynn Resorts, Limited (NASDAQ: WYNN)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports.
The analysts wrote, “Wynn Resorts (WYNN) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
WYNN has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Wynn Resorts, Limited in a research note to investors on Tuesday, May 14th. They now have a $147.00 price target on the stock. Separately, analysts at Nomura raised their price target on shares of Wynn Resorts, Limited from $147.00 to $155.00 in a research note to investors on Monday, May 13th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Wynn Resorts, Limited from $120.00 to $132.00 in a research note to investors on Monday, April 29th.
Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Wynn Resorts, Limited presently has an average rating of “Buy” and an average target price of $143.95.
Wynn Resorts, Limited (NASDAQ: WYNN) traded down 2.25% on Thursday, hitting $138.45. Wynn Resorts, Limited has a 1-year low of $90.11 and a 1-year high of $138.28. The stock’s 50-day moving average is currently $122.2. The company has a market cap of $13.878 billion and a price-to-earnings ratio of 25.34.
Wynn Resorts, Limited (NASDAQ: WYNN) last released its earnings data on Thursday, April 25th. The company reported $2.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.55 by $0.48. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that Wynn Resorts, Limited will post $6.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Tuesday, May 7th.
Wynn Resorts, Limited (NASDAQ: WYNN) is a developer, owner and operator of destination casino resorts.
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