Susquehanna analyst Rachael Rothman reiterated a Buy rating on Wynn Resorts (NASDAQ: WYNN) today and set a price target of $204. The company’s shares opened today at $163.56.
According to TipRanks.com, Rothman is a 4-star analyst with an average return of 9.9% and a 63.2% success rate. Rothman covers the Services sector, focusing on stocks such as Marriott International, Norwegian Cruise Line, and Extended Stay America.
Currently, the analyst consensus on Wynn Resorts is a Strong Buy with an average price target of $212, a 29.6% upside from current levels. In a report issued on July 9, Nomura also maintained a Buy rating on the stock with a $181 price target.
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Based on Wynn Resorts’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $204 million. In comparison, last year the company had a net profit of $74.92 million.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Robert Jos Miller, a Director at WYNN sold 10,000 shares for a total of $1,917,289.
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.
