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.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Wynn Resorts from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Thursday. Citigroup decreased their target price on Wynn Resorts from $92.00 to $87.50 and set a "buy" rating on the stock in a research report on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft cut their price objective on Wynn Resorts from $92.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday. UBS Group set a $67.00 price objective on Wynn Resorts in a research note on Monday, June 20th. Finally, Barclays initiated coverage on Wynn Resorts in a report on Tuesday, June 28th. They issued an "equal weight" rating and a $62.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Wynn Resorts presently has a consensus rating of "Hold" and an average target price of $96.19.

Wynn Resorts Price Performance

Shares of NASDAQ:WYNN opened at $68.74 on Friday. Wynn Resorts has a one year low of $50.20 and a one year high of $107.44. The company has a 50 day moving average of $60.36 and a 200-day moving average of $70.85. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of -12.02 and a beta of 2.15.

Wynn Resorts (NASDAQ:WYNN - Get Rating) last released its earnings results on Tuesday, August 9th. The casino operator reported ($0.82) EPS for the quarter, beating the consensus estimate of ($0.94) by $0.12. The firm had revenue of $908.83 million during the quarter, compared to the consensus estimate of $980.84 million. The company's revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.12) EPS. Equities research analysts anticipate that Wynn Resorts will post -3.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Patricia Mulroy sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $67.11, for a total value of $134,220.00. Following the completion of the sale, the director now directly owns 8,781 shares of the company's stock, valued at $589,292.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.62% of the company's stock.