Analyst Price Target on Wynn Resorts, Limited

In a voluntary announcement to the Hong Kong Stock Exchange on Wednesday, Wynn Ltd. said that it had issued a letter to CIMIC subsidiary Leighton Contractors (Asia) Ltd to reinforce the importance of meeting Wynn Palace’s scheduled June 25th opening date.

As per the market consensus opinion of sell-side analysts, Panera Bread Company (NASDAQ:PNRA) is expected to move to $215. Gabelli now has a “Buy” rating on the stock. The firm’s “BB+” rating suggests that the company is an above-average default risk. He is the largest shareholder in the company, but that doesn’t stop him from constantly increasing the number of shares he directly or indirectly holds in the operator. The 50-Day Moving Average price is $63.28 and the 200 Day Moving Average price is recorded at $73.38.

CEO Steve Wynn bought $31.9 million worth of Wynn Resorts (WYNN) stocks between January 20 and 22, only a month after a big block trade.

Wynn Macau Ltd.said its contractor for its second casino in Macau could be liable for as much as $200 million in damages if the Wynn Palace project experienced further delays. Telsey Advisory Group lowered their target price on Wynn Resorts, Limited from $69.00 to $68.00 and set a market perform rating for the company in a report on Thursday, November 19th. Wynn Resorts rose 4 percent to $63.41 in NY to the highest since January 6. About 2.67M shares traded hands. In December, however, the jump was higher and they nearly hit $70 per share, becoming Standard & Poor’s 500 Index top performer for the day. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company.

PRICE ACTION: recently moved to $61.00 and the average price target from Wall Street research analysts covering the stock is $75.29. Wynn Resorts, Limited now has a consensus rating of Hold and an average price target of $97.08. The Company owns and operates two destination casino resorts. In the Macau Special Administrative Region of the People’s Republic of China (Macau) the Company owns and operates Wynn Macau, which includes Encore at Wynn Macau. The Company’s Macau Operations feature approximately 1,008 hotel rooms and suites, 495 table games, 835 slot machines. It operates in two segments, Macau Operations and Las Vegas Operations. The company also owned and operated Wynn Las Vegas and Encore at Wynn Las Vegas resort with a total of 4,748 hotel rooms, suites, and villas; 232 table games; 1,849 slot machines; a race and sports book and poker room in approximately 186,000 square feet of casino gaming space, including a sky casino and private gaming salons; 34 food and beverage outlets; 2 spas and salons; lounges; and approximately 99,000 square feet of retail shopping space.