A statement released earlier today by Deutsche Bank about Wynn Resorts (NASDAQ:WYNN) bumps down the target price to $100.00
- Updated: October 12, 2016
Yesterday Wynn Resorts (NASDAQ:WYNN) traded -1.45% lower at $97.70. The company’s 50-day moving average is $98.22 and its 200-day moving average is $96.34. The last closing price is up -0.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,211,602 shares of the stock traded hands, down from an average trading volume of 3,240,140
Stating a potential upside of 0.02%, Deutsche Bank reduced the stock price target of Wynn Resorts (NASDAQ:WYNN) to $100.00
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Wynn Resorts has a 52 week low of $49.95 and a 52 week high of $109.50 with a P/E ratio of 29.79 The company’s market cap is currently $0.
In addition to Deutsche Bank reporting its stock price target, a total of 16 brokers have issued a research note on the company. The average stock price target is $95.06 with 2 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Wynn Resorts (NASDAQ:WYNN)
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. 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. In Las Vegas, Nevada, it owns and operates Wynn Las Vegas and Encore at Wynn Las Vegas. Its integrated Las Vegas resort of Wynn Las Vegas and Encore at Wynn Las Vegas features approximately 186,000 square feet of casino space with over 230 table games and approximately 1,870 slot machines. In addition, the Company is developing an integrated casino resort in Everett, Massachusetts.
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