Wynn Resorts (WYNN) Gets a Hold Rating from Morgan Stanley

In a report released today, Thomas Allen from Morgan Stanley maintained a Hold rating on Wynn Resorts (WYNNResearch Report), with a price target of $115. The company’s shares closed last Monday at $116.60.

According to TipRanks.com, Allen is a 3-star analyst with an average return of 1.3% and a 54.5% success rate. Allen covers the Services sector, focusing on stocks such as Marriott International, Norwegian Cruise Line, and Extended Stay America.

Wynn Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $133.

See today’s analyst top recommended stocks >>

Wynn Resorts’ market cap is currently $12.55B and has a P/E ratio of 15.12. The company has a Price to Book ratio of 6.12.

Based on the recent corporate insider activity of 29 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 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.