Are Analysts Seeing Upside To Quest Diagnostics Incorporated (DGX), Wynn Resorts, Limited (WYNN)?

Quest Diagnostics Incorporated (DGX) rose 2.8% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -15.28% and is now up by 2.11% since start of this year. A look at its monthly performance shows that the stock has recorded a -3.48% fall over the past 30 days. Its equity price dipped by -17.76% over the past three months which led to its overall six-month decrease to stand at -25.35%.

Experts from research firms are bullish about the near-term performance of Quest Diagnostics Incorporated with most of them predicting a $98.13 price target on a short-term (12 months) basis. The average price target by the analysts will see a 15.41% rise in the stock and would lead to DGX’s market cap to surge to $13.35B. The stock has been rated an average 2.4, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 19 analysts that track Quest Diagnostics Incorporated (NYSE:DGX) and find out that 8 of them rated it as a Hold. 11 of the 11 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at DGX technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 47.8 point. Its trading volume has lost -311869 shares compared to readings over the past three months as it recently exchanged 1098131 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1410000 shares, and this is 0.78 times the normal volume.

The price of Wynn Resorts, Limited (NASDAQ:WYNN) currently stands at $113.55 after it went up by $2.15 or 1.93% and has found a strong support at $110.82 a share. If the WYNN price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $108.1 mark would also be bad for the stock as it means that the stock would plunge by 4.8% from its current position. However, if the stock price is able to trade above the resistance point around $115.03, then it could likely surge higher to try and break the upward resistance which stands at $116.52 a share. Its average daily volatility over the past one month stands at 5.16%. The stock has plunged by 3.5% from its 52-weeks high of $109.58 which it reached on Jan. 25, 2018. In general, it is 20.69% above its 52-weeks lowest point which stands at $90.06 and this setback was observed on Dec. 24, 2018.

Analysts have predicted a price target for Wynn Resorts, Limited (WYNN) for 1 year and it stands at an average $129.22/share. This means that it would likely increase by 13.8% from its current position. The current price of the stock has been moving between $109.58 and $113.79. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $104. On the other hand, one analyst is super bullish about the price, setting a target as high as $166.

The WYNN stock Stochastic Oscillator (%D) is at 90.36%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.8. The stock currently has an estimated price-earnings (P/E) multiple of 17.08, which is lower than the 48.18 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -3.8% over the past five years.

Analysts view Wynn Resorts, Limited (NASDAQ:WYNN) as a Hold, with 2.4 consensus rating. Reuters surveyed 18 analysts that follow WYNN and found that 10 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Wynn Resorts, Limited (WYNN) shares or sell it if they already own it.