Wynn Resorts Ltd. (NASDAQ:WYNN) shares traded -5.69% lower at $85.49 on Wall Street last session.
In accordance with the data, 16 analysts cover Wynn Resorts Ltd. (NASDAQ:WYNN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $141.00 and a low of $91.00, we find $122.00. Given the previous closing price of $90.65, this indicates a potential upside of 34.58 percent. WYNN stock price is now -7.38% away from the 50-day moving average and -16.72% away from the 200-day moving average. The market capitalization of the company currently stands at $9.74B.
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It has been rated a hold by 5 analysts and a buy by 8. Brokers who have rated the stock have averaged $120.14 as their price target over the next twelve months.
With the price target of $111, HSBC Securities recently initiated with Buy rating for Wynn Resorts Ltd. (NASDAQ: WYNN).
In other news, Mulroy Patricia, Director sold 500 shares of the company’s stock on Sep 14. The stock was sold for $48,805 at an average price of $97.61. Upon completion of the transaction, the Director now directly owns 1,482 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14, Director Mulroy Patricia sold 250 shares of the business’s stock. A total of $25,002 was realized by selling the stock at an average price of $100.01. This leaves the insider owning 7,817 shares of the company worth $0.67 million. Insiders disposed of 78,939 shares of company stock worth roughly $6.75 million over the past 1 year. A total of 15.17% of the company’s stock is owned by insiders.
Wynn Resorts Ltd. (NASDAQ: WYNN) opened at $85.00 on Friday. During the past 12 months, Wynn Resorts Ltd. has had a low of $71.42 and a high of $117.86. The fifty day moving average price for WYNN is $91.98 and a two-hundred day moving average price translates $102.57 for the stock.
The latest earnings results from Wynn Resorts Ltd. (NASDAQ: WYNN) was released for Sep, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.91, beating analysts’ expectations of $0.59 by 0.32. This compares to -$1.84 EPS in the same period last year. The company reported revenue of $1.67 billion for the quarter, compared to $889.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 87.92 percent. For the current quarter, analysts expect WYNN to generate $1.58B in revenue.
Wynn Resorts Ltd.(WYNN) Company Profile
Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays. The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions. The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club. The Encore Boston Harbor segment operates casino space with gaming areas, and a poker room; a luxury hotel tower including a spa and salon; food and beverage outlets and a nightclub; retail space; meeting and convention space; and a waterfront park, floral displays, and water shuttle service. Wynn Resorts, Limited was founded in 2002 and is based in Las Vegas, Nevada.
