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Barclays Thinks Wynn Resorts’ Stock is Going to Recover


In a report released yesterday, Felicia Hendrix from Barclays maintained a Buy rating on Wynn Resorts (WYNN), with a price target of $125. The company’s shares closed yesterday at $99.02, close to its 52-week low of $92.50.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 3.7% and a 54.0% success rate. Hendrix covers the Services sector, focusing on stocks such as Penn National Gaming, Carnival Corp, and Choice Hotels.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wynn Resorts with a $129.70 average price target, a 31.0% upside from current levels. In a report released yesterday, Roth Capital also reiterated a Buy rating on the stock with a $140 price target.

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Wynn Resorts’ market cap is currently $10.76B and has a P/E ratio of 17.49. The company has a Price to Book ratio of 6.28.

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Wynn Resorts Ltd. is a holding company, which engages in the development, ownership, and operation of destination casino resorts. It operates through the following segments: Wynn Macau, Wynn Palace, and Las Vegas Operations. The Las Vegas Operations segment covers Wynn Las Vegas and Encore.