In a report released today, Carlo Santarelli from Deutsche Bank reiterated a Buy rating on Wynn Resorts (NASDAQ: WYNN), with a price target of $195. The company’s shares closed yesterday at $159.99.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 13.9% and a 69.4% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Penn National Gaming.
Currently, the analyst consensus on Wynn Resorts is a Strong Buy with an average price target of $196.75, which is a 23.0% upside from current levels. In a report issued on July 20, Susquehanna also reiterated a Buy rating on the stock with a $204 price target.
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Wynn Resorts’ market cap is currently $16.51B and has a P/E ratio of 37.29. The company has a Price to Book ratio of 23.20.
Based on the recent corporate insider activity of 30 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.
