Deutsche Bank analyst Carlo Santarelli reiterated a Buy rating on Wynn Resorts (NASDAQ: WYNN) yesterday and set a price target of $190. The company’s shares closed on Friday at $148.34, close to its 52-week low of $138.10.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 13.6% and a 70.9% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Pinnacle Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wynn Resorts with a $178.38 average price target.
See today’s analyst top recommended stocks >>
Based on Wynn Resorts’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $156 million. In comparison, last year the company had a net profit of $74.92 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.