Are Analysts Expecting A Better 2020 For Wynn Resorts Ltd. (WYNN)?

Wynn Resorts Ltd. (WYNN) concluded trading on Thursday at a closing price of $78.71, with 4.29 million shares of worth about $337.61 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.65% during that period and on August 01, 2024 the price saw a loss of about -4.96%. Currently the company’s common shares owned by public are about 111.74M shares, out of which, 94.95M shares are available for trading.

Stock saw a price change of -2.25% in past 5 days and over the past one month there was a price change of -8.83%. Year-to-date (YTD), WYNN shares are showing a performance of -13.61% which decreased to -27.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $80.02 but also hit the highest price of $110.38 during that period. The average intraday trading volume for Wynn Resorts Ltd. shares is 1.83 million. The stock is currently trading -6.22% below its 20-day simple moving average (SMA20), while that difference is down -11.12% for SMA50 and it goes to -15.87% lower than SMA200.

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Wynn Resorts Ltd. (NASDAQ: WYNN) currently have 111.74M outstanding shares and institutions hold larger chunk of about 61.55% of that.

The stock has a current market capitalization of $8.82B and its 3Y-monthly beta is at 1.82. PE ratio of stock for trailing 12 months is 10.55, while it has posted earnings per share of $7.46 in the same period. Its PEG reads 1.34 and has Quick Ratio of 1.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WYNN, volatility over the week remained 2.63% while standing at 2.35% over the month.

Stock’s fiscal year EPS is expected to rise by 34.88% while it is estimated to increase by 6.07% in next year. EPS is likely to grow at an annualized rate of 7.90% for next 5-years, compared to annual growth of 3.40% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Seaport Research Partners on May 31, 2024 offering a Buy rating for the stock and assigned a target price of $116 to it. Coverage by Argus stated Wynn Resorts Ltd. (WYNN) stock as a Buy in their note to investors on May 23, 2024, suggesting a price target of $110 for the stock. On April 15, 2024, Seaport Research Partners Initiated their recommendations, while on April 04, 2024, Mizuho Initiated their ratings for the stock with a price target of $131. Stock get an Outperform rating from Macquarie on January 17, 2024.

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