The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. They now have a United States dollars 97 price target on the stock.
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The price/earnings ratio (P/E) is 32.12 and the forward P/E ratio stands at 21.31.
The ability for Wynn Resorts Ltd., to deal with debt, means it current ratio is 2.4, and quick ratio is 2.4. They now have a Dollars 105 price target on the stock.
A number of other brokerages also recently issued reports on WYNN. They now have a Dollars 113 price target on the stock. They now have a United States dollars 115 price target on the stock.
Wynn Resorts has declined to directly comment on the matter, saying only that the company will provide “actual numbers at the appropriate time”. They now have a United States dollars 83 price target on the stock. Wynn Resorts Ltd.is in the Resorts & Casinos industry and Services sector. They now have a United States dollars 98 price target on the stock. The firm lowered its rating on WYNN from Neutral to Reduce.
07/01/2016 – Wynn Resorts, Limited was upgraded to “strong buy” by analysts at Vetr Inc. Morgan Stanley raised shares of Wynn Resorts from an underweight rating to an equal weight rating in a research note on Friday, June 3rd. Similarly, the market also forecasted the pickup in Macau.
04/29/2016 – Wynn Resorts, Limited had its “outperform” rating reiterated by analysts at Credit Agricole.
Wynn Resorts, Limited (NASDAQ:WYNN) stock is now trading at about $103.49 and lots of rating firms seem to have a target price set on the stock.
Wynn Resorts, Limited has a 50 day moving average of 97.48 and a 200 day moving average of 94.33. The company has a market cap of $10.50B.
US based company, Wynn Resorts Ltd.’s (WYNN)’s latest closing price distance was at 21.76% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 6.99% and 7.66% compared with the 20 Day Moving Average.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes.
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Also, despite the Las Vegas Sands’ Parisian opening on September 13, Nomura says gross gaming revenues, or GGR, in Macau are running down 14 percent sequentially on a week-over-week basis. Additionally, he mentioned that the investors of Wynn stock can make fortunes if, by chance, the VIP gambler returns to Macau after being scared-off by the anti-corruption crackdown initiated by the Chinese government. Its integrated Macau resort of Wynn Macau and Encore at Wynn Macau features approximately 284,000 square feet of casino space with over 460 table games and over 710 slot machines. 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. In addition, the Company is developing an integrated casino resort in Everett, Massachusetts. (NYSE:LVS), Wynn Resorts Limited (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM) had substantial stakes in the Chinese gambling mecca.
