How to Buy Wynn Resorts Stock
Wynn Resorts Ltd
Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays.
Wynn Resorts stock last closed at $94.99, down 1.16% from the previous day, and has decreased 15.28% in one year. It has overperformed other stocks in the Resorts & Casinos industry by 0.02 percentage points. Wynn Resorts stock is currently +16.34% from its 52-week low of $81.65, and -19.4% from its 52-week high of $117.86.
At the moment, there are 112.08M shares of WYNN outstanding. The market capitalization of WYNN is $10.65B. In the last 24 hours, 1.16M WYNN shares were traded.
How to Buy Wynn Resorts Stock
Wondering how to invest in Wynn Resorts stock? Here's how.
- Choose where to buy Wynn Resorts stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Wynn Resorts stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your method of payment and add your information.
- Research Wynn Resorts stock: The Wynn Resorts ticker symbol is WYNN. Is Wynn Resorts stock a good investment? Should you buy shares of WYNN? How do WYNN's underlying business fundamentals look? Do top analysts think Wynn Resorts is a good buy? Why has WYNN's stock price moved recently? (Hint: Our stock research website can help you evaluate if WYNN is a good stock to buy).
- Place your WYNN buy order: Decide if you will purchase WYNN shares at the current market price or use a limit order to buy WYNN stock at a specific price.
- Track your investment in WYNN: Create a watchlist to keep tabs on your position in Wynn Resorts stock.
Step 1: Choose where to buy Wynn Resorts stock
You need an online brokerage account to access the NASDAQ market and buy WYNN stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal details so you are able to buy WYNN stock today.
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Step 3: Deposit funds into your investment account
Now that you have opened your account on the best app for stock investing, you need to deposit funds:
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Step 4: Research Wynn Resorts stock
Once you have decided on the best place to buy Wynn Resorts stock, it's very important to evaluate their stock prior to investing, so you actually understand the risk as well as the upside.
Wynn Resorts stock quick numbers
Fundamentals of Wynn Resorts
WallStreetZen was designed to help everyday investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on WYNN's stock page.
Is WYNN stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge WYNN's true value.
Using relative valuations ratios:
- WYNN could be undervalued based on its P/E ratio of 14.64x, relative to Resorts & Casinos industry P/E ratio of 16.1x
- WYNN could be overvalued based on its PEG ratio of 5.2x
You can access more valuation analysis on WYNN's stock here.
A quick look at WYNN Financials
Signs that WYNN is financially healthy:
- WYNN profit margin has gone up from -11.3% to 11.2% in the past year.
- There are more short-term assets than short-term liabilities on the WYNN balance sheet.
Signs that WYNN is not financially healthy:
- Total WYNN debt is still negative.
- There are more long-term liabilities than short-term assets on the WYNN balance sheet.
- WYNN's operating cash flow of $1.25B allows it to safely service it's debt of $13.37B.
- WYNN debt to equity ratio of -60.06 is negative.
- WYNN earnings of $984.67M is not enough to cover its interest payments.
Is it a good time to buy WYNN stock, according to analysts?
Out of 9 Equities analysts who give forecasts on WYNN, the consensus analyst rating on WYNN is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent WYNN Analyst Ratings
Rachael Rothman, a bottom 21% analyst from Susquehanna maintains WYNN with a strong buy rating and raises their WYNN price target from $105.00 to $115.00, on Feb 8, 2024.
Daniel Politzer, a top 17% analyst from Wells Fargo maintains WYNN with a strong buy rating and raises their WYNN price target from $122.00 to $124.00, on Feb 8, 2024.
Wells Fargo's Daniel Politzer raised their price target on Wynn Resorts (NASDAQ: WYNN) by 1.6% from $122 to $124 on 2024/02/08. The analyst maintained their Strong Buy rating on the stock.
Wynn Resorts "nicely topped" Wells Fargo's and the Street's EBITDA projections, thanks to its Macau and Las Vegas improvements, Politzer said following the company's 2024/02/06-dated Q4 and FY 2023 print.
"QTD commentary was upbeat," the analyst added.
Earnings Report
Wynn Resorts reported:
For Q4 2023:
- EPS of $1.91, which beat the Zacks Consensus Estimate of $1.12 and, by 255.3%, Q4 2022’s $(1.23).
- Revenue of $1.8B, which beat the Zacks Consensus Estimate of $1.7B and, by 83.1%, Q4 2022’s $1B.
For FY 2023:
- EPS of $4.10, up 191.7% Y/Y.
- Revenue of $6.53B, up 73.9% Y/Y.
Management did not provide financial guidance in its press release or earnings call.
CEO Craig Billings commented: "The strong momentum we built throughout 2023 continued during Q4 with Adjusted Property EBITDAR reaching a new all-time record.
“These impressive results highlight our team’s relentless focus on delivering five-star hospitality, which continues to elevate our properties above our peers as the destinations of choice for luxury guests in Las Vegas, Boston, and Macau.
"On the development front, construction of Wynn Al Marjan Island continues, with much of the hotel tower and podium foundation complete, and preparations underway to start vertical construction of the hotel tower.
“We are confident the resort will be a 'must see' tourism destination in the UAE.
“We are excited about the outlook for the company, and we will continue to focus on driving long-term returns for shareholders."
An analyst from Macquarie upgrades WYNN to a buy rating and raises their WYNN price target from $115.00 to $122.00, on Jan 17, 2024.
Steven Wieczynski, a top 18% analyst from Stifel Nicolaus maintains WYNN with a strong buy rating and lowers their WYNN price target from $135.00 to $125.00, on Nov 10, 2023.
Meredith Jensen, a top 26% analyst from HSBC initiates coverage on WYNN with a strong buy rating and announces their WYNN price target of $111.00, on Oct 23, 2023.
You can dive deeper into what analysts are saying on the Wynn Resorts stock forecast page.
WYNN Technicals
WYNN Growth Metrics
Last year, WYNN earnings were $729.99M. During the last five year, WYNN's earnings have gone up by 3.86% per year. This was slower than the Resorts & Casinos industry average of 10.48%.
Last year, WYNN revenue was $6.53B. In the past 5 year, WYNN's revenue has gone up by -0.56% per year. This was slower than the Resorts & Casinos industry average of 4.48%.
You can analyze WYNN's earnings and revenue performance here.
Who is buying/selling WYNN?
In the past 12 months, insiders at WYNN have sold more shares than they have bought.
Craig Scott Billings, CEO of WYNN, was the latest WYNN insider to sell. They sold $140,547.20 worth of WYNN stock on Feb 29, 2024.
Learn more about who owns WYNN stock here.
Does WYNN stock generate passive income?
Wynn Resorts pays a dividend of 1.05%, compared to the Resorts & Casinos industry's average dividend yield of 2.71%. If you owned $1,000 of WYNN stock, you would have received $10.53 last year.
Wynn Resorts dividend payments have not consistently grown over the past decade and have not remained stable.
Get more data about Wynn Resorts dividend yield and history here.
What others are saying about WYNN
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Step 5: Place your WYNN buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.
Press the Open button and your broker will place the order.
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Step 6: Track your investment in WYNN
Now that you own some WYNN shares, you'll want to keep up with your new investment.
Make a watchlist to see the latest developments about your WYNN stock.
WYNN Feed
How to Buy Stock in Wynn Resorts
To reiterate, here are the 6 steps for buying Wynn Resorts stock:
- Choose where to buy Wynn Resorts stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Wynn Resorts stock
- Place your WYNN buy order
- Track your investment in WYNN
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Wynn Resorts, add WYNN to your watchlist below.
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