Analyst Price Target Update on Wynn Resorts Limited (NASDAQ:WYNN)

Wynn Resorts Limited (NASDAQ:WYNN) should head towards $97.46 per share according to 11 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $65 per share. The higher price estimate target is at $120 according to the Analysts.

Many analysts have stated their opinion on the company shares. Brokerage firm CLSA downgrades its rating on Wynn Resorts Limited (NASDAQ:WYNN). As per the latest information, the brokerage house raises the price target to $97 per share from a prior target of $88. The shares have been rated Outperform. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 29, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Wynn Family Limited Partnershi, CEO of Wynn Resorts Ltd, executed a transaction worth $15,118,425 on February 8, 2016. A total of 258,523 shares were purchased at an average price of $58.48. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Wynn Resorts Limited (NASDAQ:WYNN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.3 points or 0.3% at $100.15 with 1,952,770 shares getting traded. Post opening the session at $99.63, the shares hit an intraday low of $99.55 and an intraday high of $102.75 and the price was in this range throughout the day. The company has a market cap of $10,194 million and the number of outstanding shares have been calculated to be 101,790,911 shares. The 52-week high of Wynn Resorts Limited (NASDAQ:WYNN) is $112 and the 52-week low is $49.95.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the Peoples Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas, Nevada. The company operates through two segments: Macau Operations, which includes Wynn Macau and Encore at Wynn Maca, and Las Vegas Operations, which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284,000 square feet of casino space with 498 table games and 625 slot machines, two hotel towers and others. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table games, 1,849 slot machines, two hotel towers and others.

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