Shares of Wynn Resorts, Limited (NASDAQ:WYNN – Get Free Report) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $116.21.
Several equities research analysts have recently commented on WYNN shares. Jefferies Financial Group lowered their price target on shares of Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Susquehanna lifted their price target on Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a report on Friday, October 11th. StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, UBS Group raised Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd.
View Our Latest Research Report on Wynn Resorts
Insider Activity
Hedge Funds Weigh In On Wynn Resorts
Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Wynn Resorts during the 2nd quarter valued at about $25,000. Register Financial Advisors LLC acquired a new stake in shares of Wynn Resorts during the first quarter worth about $37,000. Blue Trust Inc. boosted its position in Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after buying an additional 467 shares during the last quarter. Versant Capital Management Inc acquired a new position in Wynn Resorts in the 2nd quarter worth approximately $51,000. Finally, Covestor Ltd raised its position in Wynn Resorts by 421.7% during the 1st quarter. Covestor Ltd now owns 626 shares of the casino operator’s stock worth $64,000 after buying an additional 506 shares during the last quarter. 68.87% of the stock is owned by institutional investors and hedge funds.
Wynn Resorts Stock Up 0.1 %
Shares of NASDAQ WYNN opened at $97.99 on Wednesday. Wynn Resorts has a twelve month low of $71.63 and a twelve month high of $110.38. The firm has a market cap of $10.98 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.81. The business has a fifty day simple moving average of $87.75 and a two-hundred day simple moving average of $89.08.
Wynn Resorts (NASDAQ:WYNN – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, research analysts expect that Wynn Resorts will post 5.42 earnings per share for the current year.
Wynn Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date was Monday, August 19th. Wynn Resorts’s dividend payout ratio is presently 13.70%.
Wynn Resorts Company Profile
Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.
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