WYNN Bullish Outlook Still Prevails

20-day trading average

Wynn Resorts Limited (WYNN) has a 20-day trading average at $62.05 and the current price is -33.44% off the 52-week high compared with 31.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $62.45 and its 200-day simple moving average is $72.57. If we look at the stock’s price movements over the week, volatility stands at 5.94%, which decreases to 4.30% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.02 to suggest the stock is neutral.

What are the analysts observing:

16 analysts observing the Wynn Resorts Limited (WYNN) stock have set the 12-month price targets for the company’s shares at between $62.00 and $117.00. The consensus objective for the share price is $85.21, suggesting that the stock has a potential upside of 22.67% over the period. The median price target is 14.43% away from the current levels at $77.00.

The consensus recommendation

FactSet Research has provided data showing that 16 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 2 advise that it is overweight. 5 analysts have rated it as a buy and 9 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 15, 2022, when Credit Suisse upgraded the stock to “Outperform” and issued a price target of $117. Citigroup upgraded its price target to $98-$96.50.

SMA200 respectively

The current price level is 6.38%, 5.83%, and -9.27% away from its SMA20, SMA50, and SMA200 respectively, with the WYNN price moving above the 50-day SMA on September 19. Wynn Resorts Limited (WYNN) stock is up 2.14% over the week and 0.58% over the past month. Its price is -22.52% year-to-date and -20.89% over the past year.

Stock last released

The stock last released its quarterly earnings report for the quarter ended 3/30/2022, with the company’s earnings per share (EPS) of -$1.21 below consensus estimates by -$0.06. The company’s next earnings report is expected on 11/09/2022, with forecasts estimating quarterly EPS at -$1.01 and -$3.35 for a whole year. WYNN’s earnings per share are forecast to grow by 45.30% this year and 128.40% over the next year. Expected sales for next quarter are $1.06 billion, which analysts say will come at $4.17 billion for the current fiscal year and next year at $5.76 billion. In addition, estimates put the company’s current quarterly revenue at an average of $980.85 million.

Its 12-month price target is $77.00. To reach the target analysts have set, the stock logically needs to grow 22.67 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $62.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $117.00.

Conlusion:

Outstanding shares total 114.47M with insiders holding 8.87% of the shares and institutional holders owning 61.81% of the company’s common stock. The company has a return on investment of -3.40% and a return on equity of 216.40%. The forward price-to-earnings ratio is 52.84. The beta has a value of 2.11. Price to sales ratio is 1.92.