Wynn Resorts Limited (WYNN) : 15 analysts are covering Wynn Resorts Limited (WYNN) and their average rating on the stock is 2.97, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Wynn Resorts Limited (WYNN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Wynn Resorts Limited (WYNN) : The highest short term price target forecast on Wynn Resorts Limited (WYNN) is $119 and the lowest target price is $65. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $97.5 with a standard deviation of $14.64.
Company shares have received an average consensus rating of Hold for the current week Wynn Resorts Limited (NASDAQ:WYNN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.20 and $100.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $103.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $102.66, notching a gain of 3.08% for the day. The total traded volume was 3,366,471 . The stock had closed at $99.59 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Wynn Resorts Ltd, Wynn Family Limited Partnershi, had purchased 258,523 shares in a transaction dated on February 8, 2016. The transaction was executed at $58.48 per share with total amount equaling $15,118,425.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the Peoples Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas, Nevada. The company operates through two segments: Macau Operations, which includes Wynn Macau and Encore at Wynn Maca, and Las Vegas Operations, which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284,000 square feet of casino space with 498 table games and 625 slot machines, two hotel towers and others. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table games, 1,849 slot machines, two hotel towers and others.