A number of other research firms also recently issued reports on WYNN. Nomura downgraded shares of Wynn Resorts from a neutral rating to a reduce rating and boosted their price objective for the company from $78.00 to $83.00 in a report on Friday, July 29th. Vetr raised shares of Wynn Resorts from a buy rating to a strong-buy rating and set a $112.54 price objective for the company in a report on Wednesday, August 10th. Morgan Stanley reissued an overweight rating on shares of Wynn Resorts in a report on Wednesday, June 29th. Credit Agricole SA set a $97.00 price objective on shares of Wynn Resorts and gave the company a sell rating in a report on Monday, September 19th. Finally, JPMorgan Chase & Co. downgraded shares of Wynn Resorts from an overweight rating to a neutral rating and cut their price objective for the company from $101.00 to $94.00 in a report on Thursday, July 14th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts currently has an average rating of Buy and an average price target of $101.85.
Shares of Wynn Resorts (NASDAQ:WYNN) opened at 94.95 on Monday. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 29.38 and a beta of 1.85. Wynn Resorts has a one year low of $49.95 and a one year high of $109.50. The company has a 50 day moving average of $98.34 and a 200-day moving average of $96.33.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, July 28th. The casino operator reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.16. Wynn Resorts had a net margin of 7.67% and a return on equity of 3,746.24%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned $0.74 EPS. Wynn Resorts’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Wynn Resorts will post $3.77 EPS for the current year.
A number of institutional investors have recently made changes to their positions in WYNN. IFP Advisors Inc boosted its stake in Wynn Resorts by 44.1% in the first quarter. IFP Advisors Inc now owns 1,069 shares of the casino operator’s stock valued at $100,000 after buying an additional 327 shares during the period. TLP Group LLC purchased a new stake in Wynn Resorts during the second quarter valued at $114,000. Mizuho Asset Management Co. Ltd. boosted its stake in Wynn Resorts by 176.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,266 shares of the casino operator’s stock valued at $115,000 after buying an additional 808 shares during the period. Advisory Services Network LLC boosted its stake in Wynn Resorts by 171.8% in the third quarter. Advisory Services Network LLC now owns 1,582 shares of the casino operator’s stock valued at $154,000 after buying an additional 1,000 shares during the period. Finally, Krilogy Financial LLC boosted its stake in Wynn Resorts by 57.8% in the second quarter. Krilogy Financial LLC now owns 1,775 shares of the casino operator’s stock valued at $161,000 after buying an additional 650 shares during the period. Hedge funds and other institutional investors own 74.48% of the company’s stock.
Wynn Resorts Company Profile
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company operates through two segments: Macau Operations and Las Vegas Operations.
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