Last Updated: 16 Sep 2024
Executive Summary
Wynn Resorts Limited (WYNN) is a leading developer and operator of high-end hotels and casinos. The company has a strong track record of profitability and growth, and its stock is currently trading at a discount to its intrinsic value.
Company Overview
Wynn Resorts was founded in 1996 by Steve Wynn. The company's flagship property is the Wynn Las Vegas, which opened in 2005. Wynn Resorts also owns and operates the Encore Las Vegas, the Wynn Macau, and the Wynn Palace Cotai.
The company's casinos offer a variety of gaming options, including slots, table games, and poker. Wynn Resorts also has a number of non-gaming amenities, such as restaurants, bars, nightclubs, and spas.
Fundamental Analysis
Wynn Resorts is a financially sound company with a strong balance sheet. The company has a low level of debt and a high level of cash on hand. Wynn Resorts also has a strong track record of profitability. The company's EBITDA margin has averaged 25% over the past five years.
Wynn Resorts is also a growth company. The company's revenue has grown by an average of 10% per year over the past five years. Wynn Resorts is also expanding its operations into new markets. The company recently opened a new property in Macau and is planning to open a new property in Japan.
Technical Analysis
The technical analysis of Wynn Resorts' stock is bullish. The stock is currently trading above its 50-day and 200-day moving averages. The stock also recently broke out of a bullish triangle pattern.
Short Term Outlook
The short-term outlook for Wynn Resorts' stock is positive. The stock is currently trading at a discount to its intrinsic value and is supported by a number of technical indicators.
Long Term Outlook
The long-term outlook for Wynn Resorts' stock is also positive. The company is a leader in the gaming industry and is well-positioned to benefit from the continued growth of the global gaming market.
Analyst Recommendations
The majority of analysts who cover Wynn Resorts' stock have a buy rating on the stock. The average analyst target price for Wynn Resorts' stock is $113.73.
