Wynn Resorts (NASDAQ:WYNN) Rating Reiterated
Professional analysts at Telsey Advisory have $110.0 target price per share on Wynn Resorts (NASDAQ:WYNN). Telsey Advisory’s target price per share suggests a potential upside of 15.18 % from the company’s last stock close. The rating was revealed to clients and investors in a research report on Friday morning.
NASDAQ:WYNN is right now trading -0.95% lower at $95.50 as of 10:09 PM New York time. Wynn Resorts’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has surged 11.40% over the same time.
Out of 16 analysts covering Wynn Resorts, 9 rate it a Buy, 11 indicate a Hold while 1 suggest a Sell. The highest target is $120 and the lowest is $62 according to Thomson/First Call. The 12-month mean target is $95.06, which means downside potential of 0.46% over the current price.
Institutional Ownership
Northern Cross Llc had the biggest stake with ownership of 11.37 million shares as of q2 2015 for 17.7% of the stocks portfolio. Southeastern Asset Management Inc Tn is another quite bullish institutional investor who is owning 11.88 million shares of Wynn Resorts or 11.08% of their stocks portfolio. Further, Platinum Investment Management Ltd have 3.89% of their stocks portfolio invested in the company for 1.71 million shares. The Illinois-based fund Crystal Rock Capital Management disclosed it had purchased a stake worth about 3.56% of the institutional investor’s stock portfolio in Wynn Resorts. The Kentucky-based fund Barr E S & Co is also positive about the stock, possessing 54,210 shares or 3.1% of their stocks portfolio.
Wynn Resorts (NASDAQ:WYNN) Profile
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. The Company operates through two segments: Macau Operations and Las Vegas Operations. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau.
Wynn Resorts (NASDAQ:WYNN) traded down -0.95% on 27 January, hitting $95.5. A total of 110 shares of the company’s stock traded hands. This is down from average of 2.35M shares. Wynn Resorts has a 52 week low of $56.51 and a 52 week high of $109.5. The company has a market cap of $9.96B and a P/E ratio of 40.84.
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The post 15.18 % to Target, Telsey Advisory Reiterates Outperform Rating for Wynn Resorts (NASDAQ:WYNN) Stock appeared first on Octafinance.