Share

Wynn Resorts’ (WYNN) “Underperform” Rating Reaffirmed at Credit Agricole SA

Weybosset Research & Management LLC now owns 2,661 shares of the casino operator’s stock valued at $241,000 after buying an additional 399 shares in the last quarter. With an institutional ownership near 73.7%, it carries an earnings per share ratio of -3.39.

Advertisement

The average true range of Wynn Resorts Ltd.’s (WYNN) is recorded at 3.34 and the relative strength index of the stock stands 38.17.

According to 13 analysts, Wynn Resorts, Limited (NASDAQ:WYNN)’s revenue estimates for the current quarter are $1.13 billion meanwhile the company has high revenue estimates of $1.23 billion in contradiction of low revenue estimates of $1.04 billion.

In case of Revenue Estimates, 13 analysts have provided their consensus Average Revenue Estimates for Wynn Resorts, Limited as 1.13 Billion.

Research analysts at Gabelli cut their FY2016 EPS estimates for Wynn Resorts in a research note issued on Tuesday. However a year ago for the same quarter the company has reported $0.86 EPS.

Other equities research analysts also recently issued reports about the company. They are projecting Next Quarter growth of -8.7%.

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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Most recently on 7/29/2016 the stock of Wynn Resorts, Limited (NASDAQ:WYNN) downgraded by Nomura from Neutral to Reduce. Finally, Credit Agricole SA downgraded Wynn Resorts from an “outperform” rating to an “underperform” rating in a report on Friday, July 29th. The corporation has a market capitalization of US$9.46 Billion.

The technical analysis highlights that Wynn Resorts, Limited current is trading $-6.14 points away or -6.32% from its 50-day moving average of $97.17. On Aug 15, 2016 the shares registered one year high at $83.64 and the one year low of $63.53 was seen on Nov 16, 2015. The stock had a trading volume of 2.8 M shares.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, July 28th.

The company shows its Return on Assets (ROA) value of 3.2%. While it’s Return on Investment (ROI) value is 5.8%. A look on the firm performance, its monthly performance is -11.79% and a quarterly performance of -5.57%.

Advertisement

Taking a longer term look at where the stock has been and where it’s headed, we note that now the stock has traded in the range of $49.95 – 105.69 over the past 52-weeks. The Stock now has a Weekly Volatility of 3.51% and Monthly Volatility of 3.22%.

Valeant Pharmaceuticals Intl Inc Stock Surges on Signing of New Credit Amendment