WYNN has been the subject of several other research reports. Deutsche Bank AG restated a hold rating on shares of Wynn Resorts in a research note on Friday, September 16th. Goldman Sachs Group Inc. restated a buy rating on shares of Wynn Resorts in a research note on Wednesday, October 5th. Vetr upgraded Wynn Resorts from a buy rating to a strong-buy rating and set a $101.61 price target for the company in a research note on Monday, July 4th. Nomura lowered Wynn Resorts from a neutral rating to a reduce rating and lifted their price target for the company from $78.00 to $83.00 in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. lowered Wynn Resorts from an overweight rating to a neutral rating and cut their price target for the company from $101.00 to $94.00 in a research note on Thursday, July 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $101.85.
Shares of Wynn Resorts (NASDAQ:WYNN) traded up 0.51% during midday trading on Friday, reaching $93.85. The company’s stock had a trading volume of 719,214 shares. The stock’s 50 day moving average price is $98.42 and its 200 day moving average price is $96.33. Wynn Resorts has a one year low of $49.95 and a one year high of $109.50. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 29.04 and a beta of 1.85.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, July 28th. The casino operator reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.16. Wynn Resorts had a return on equity of 3,746.24% and a net margin of 7.67%. The firm earned $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business earned $0.74 EPS. Wynn Resorts’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts predict that Wynn Resorts will post $3.77 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WYNN. IFP Advisors Inc boosted its position in Wynn Resorts by 44.1% in the first quarter. IFP Advisors Inc now owns 1,069 shares of the casino operator’s stock worth $100,000 after buying an additional 327 shares in the last quarter. Ngam Advisors L.P. boosted its position in Wynn Resorts by 31.6% in the first quarter. Ngam Advisors L.P. now owns 20,504 shares of the casino operator’s stock worth $1,916,000 after buying an additional 4,923 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Wynn Resorts by 10.1% in the first quarter. TIAA CREF Investment Management LLC now owns 378,980 shares of the casino operator’s stock worth $35,408,000 after buying an additional 34,732 shares during the last quarter. Teachers Advisors Inc. raised its stake in shares of Wynn Resorts by 5.0% in the first quarter. Teachers Advisors Inc. now owns 85,306 shares of the casino operator’s stock worth $7,970,000 after buying an additional 4,079 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Wynn Resorts by 0.7% in the first quarter. BlackRock Group LTD now owns 635,440 shares of the casino operator’s stock worth $59,370,000 after buying an additional 4,714 shares during the last quarter. Hedge funds and other institutional investors own 74.57% of the company’s stock.
About Wynn Resorts
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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