In a report released yesterday, Brandt Montour from Barclays maintained a Buy rating on Wynn Resorts (WYNN – Research Report), with a price target of $117.00. The company’s shares closed yesterday at $99.83.
According to TipRanks, Montour is a 5-star analyst with an average return of 12.4% and a 57.06% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as MGM Resorts, Wynn Resorts, and Carnival.
In addition to Barclays, Wynn Resorts also received a Buy from J.P. Morgan’s Joseph Greff in a report issued yesterday. However, on January 30, Morgan Stanley maintained a Hold rating on Wynn Resorts (NASDAQ: WYNN).
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Based on Wynn Resorts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.67 billion and a GAAP net loss of $116.68 million. In comparison, last year the company earned a revenue of $359.88 million and had a GAAP net loss of $207.79 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WYNN in relation to earlier this year.
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 (WYNN) Company Description:
Wynn Resorts Ltd. operates as 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. The company was founded by Stephen Alan Wynn, Elaine P. Wynn and Kazuo Okada in 2002 and is headquartered in Las Vegas, NV.
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