Wynn Resorts (NASDAQ:WYNN - Get Free Report) had its price target hoisted by stock analysts at Jefferies Financial Group from $130.00 to $133.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the casino operator's stock. Jefferies Financial Group's price target would suggest a potential upside of 24.99% from the company's current price.
A number of other research firms also recently weighed in on WYNN. Mizuho decreased their price objective on Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Macquarie upped their price target on shares of Wynn Resorts from $110.00 to $124.00 and gave the company an "outperform" rating in a research report on Friday. UBS Group reaffirmed a "neutral" rating and set a $101.00 price target (up previously from $83.00) on shares of Wynn Resorts in a research report on Tuesday, July 8th. Stifel Nicolaus upped their price objective on shares of Wynn Resorts from $113.00 to $130.00 and gave the company a "buy" rating in a report on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of Wynn Resorts in a report on Monday, July 7th. They set a "buy" rating and a $122.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Wynn Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $117.64.
View Our Latest Report on WYNN
Wynn Resorts Stock Performance
NASDAQ WYNN opened at $106.41 on Monday. The firm's fifty day moving average price is $99.81 and its two-hundred day moving average price is $89.76. The stock has a market cap of $11.06 billion, a PE ratio of 31.96, a PEG ratio of 2.94 and a beta of 1.41. Wynn Resorts has a fifty-two week low of $65.25 and a fifty-two week high of $112.36.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The casino operator reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.11). The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. The business's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. As a group, sell-side analysts predict that Wynn Resorts will post 5.17 earnings per share for the current fiscal year.
Insider Transactions at Wynn Resorts
In other Wynn Resorts news, Director Patricia Mulroy sold 2,262 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $92.12, for a total value of $208,375.44. Following the completion of the sale, the director directly owned 3,066 shares of the company's stock, valued at approximately $282,439.92. This represents a 42.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Dagco Inc. bought a new position in shares of Wynn Resorts during the 1st quarter valued at approximately $25,000. AlphaQuest LLC bought a new position in shares of Wynn Resorts during the 1st quarter valued at approximately $25,000. Global X Japan Co. Ltd. raised its position in shares of Wynn Resorts by 120.7% during the 1st quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator's stock valued at $27,000 after buying an additional 175 shares in the last quarter. MTM Investment Management LLC purchased a new stake in shares of Wynn Resorts during the 2nd quarter valued at $31,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator's stock valued at $32,000 after buying an additional 156 shares in the last quarter. 88.64% of the stock is owned by institutional investors.
About Wynn Resorts
(
Get Free Report)
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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