Compass Point Gives Sell Rating to Wynn Resorts, Limited (WYNN)

By admin | 6 years ago

Wynn Resorts, Limited (NASDAQ: WYNN)‘s stock had its “sell” rating restated by equities researchers at Compass Point in a report issued on Tuesday.

Shares of Wynn Resorts, Limited traded down 2.52% during mid-day trading on Tuesday, hitting $116.22. Wynn Resorts, Limited has a 52 week low of $101.02 and a 52 week high of $172.58. The company has a market cap of $14.445 billion and a P/E ratio of 25.28.

Wynn Resorts, Limited last announced its earnings results on Monday, May 7th. The company reported $1.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.40 by $0.07. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Wynn Resorts, Limited will post $1.52 earnings per share next quarter.

A number of other firms have also recently commented on WYNN. Analysts at Citigroup (NYSE: C) raised their price target on shares of Wynn Resorts, Limited to $150.00 in a research note to investors on Wednesday, May 2nd. They now have a “neutral” rating on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Wynn Resorts, Limited in a research note to investors on Thursday, April 26th. They set an “outperform” rating and a $151.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Wynn Resorts, Limited in a research note to investors on Thursday, April 26th.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. The Company owns and operates two destination casino resorts.

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