Wynn Resorts, Limited (NASDAQ: WYNN)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Monday.
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 expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other firms have also recently commented on WYNN. Analysts at Zacks reiterated a “neutral” rating on shares of Wynn Resorts, Limited in a research note to investors on Wednesday, February 6th. They now have a $132.00 price target on the stock. Separately, analysts at ISI Group upgraded shares of Wynn Resorts, Limited from a “neutral” rating to a “buy” rating in a research note to investors on Monday, February 4th. They now have a $145.00 price target on the stock, up previously from $130.00. Finally, analysts at Barclays Capital raised their price target on shares of Wynn Resorts, Limited from $135.00 to $139.00 in a research note to investors on Friday, February 1st. They now have an “overweight” rating on the stock.
Shares of Wynn Resorts, Limited traded down 0.39% during mid-day trading on Monday, hitting $116.11. Wynn Resorts, Limited has a 52 week low of $90.11 and a 52 week high of $138.28. The stock’s 50-day moving average is currently $121.. The company has a market cap of $11.620 billion and a P/E ratio of 24.18.
Wynn Resorts, Limited last posted its quarterly earnings results on Thursday, January 31st. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.11. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Wynn Resorts, Limited will post $6.04 EPS for the current fiscal year.
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts.
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