Wynn Resorts - WYNN Stock Forecast, Price & News

Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays. Its Wynn Macau segment operates 252,000 square feet of casino space with 331 table games, 818 slot machines, private gaming salons, sky casinos, and a poker room; two luxury hotel towers with 1,010 guest rooms and suites that include two health clubs, two spas, a salon, and a pool; 14 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; and Chinese zodiac-inspired ceiling attractions. Its Las Vegas Operations segment operates 194,000 square feet of casino space with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; two luxury hotel towers with 4,748 guest rooms, suites, and villas, including swimming pools, private cabanas, two full service spas and salons, and a wedding chapel; 32 food and beverage outlets; 513,000 square feet of meeting and convention space; 155,000 square feet of retail space; and two theaters, three nightclubs and a beach club. Its Encore Boston Harbor segment operates 211,000 square feet of casino space with 184 table games, 2,766 slot machines, gaming areas, and a poker room; a luxury hotel tower with 671 guest rooms and suites, including a spa and salon; 15 food and beverage outlets and a nightclub; 10,000 square feet of retail space; 71,000 square feet of meeting and convention space; and a waterfront park, floral displays, and water shuttle service. The company was founded in 2002 and is based in Las Vegas, Nevada.

Analyst Ratings Changes

Several brokerages have recently commented on WYNN. Barclays raised their target price on Wynn Resorts to $71.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on Wynn Resorts from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, August 10th. Wells Fargo & Company lowered their target price on Wynn Resorts from $79.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 11th. Morgan Stanley lowered their price objective on shares of Wynn Resorts from $123.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, April 25th. Finally, UBS Group set a $67.00 price objective on shares of Wynn Resorts in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $96.88.

Wynn Resorts Stock Up 0.1 %

Shares of NASDAQ:WYNN opened at $65.51 on Friday. The stock's 50 day moving average price is $60.28 and its 200-day moving average price is $70.46. The company has a market capitalization of $7.45 billion, a PE ratio of -11.45 and a beta of 2.15. Wynn Resorts has a twelve month low of $50.20 and a twelve month high of $107.44.

Wynn Resorts (NASDAQ:WYNN - Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The casino operator reported ($0.82) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.94) by $0.12. The business had revenue of $908.83 million during the quarter, compared to the consensus estimate of $980.84 million. The firm's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter last year, the company earned ($1.12) EPS. As a group, research analysts expect that Wynn Resorts will post -3.7 EPS for the current fiscal year.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,000 shares of the business's stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $67.11, for a total value of $134,220.00. Following the transaction, the director now directly owns 8,781 shares in the company, valued at $589,292.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by company insiders.