Wynn Resorts (NASDAQ:WYNN - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Friday.
Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of Wynn Resorts from $125.00 to $128.00 and gave the company an "overweight" rating in a report on Wednesday, May 8th. Macquarie lifted their target price on Wynn Resorts from $122.00 to $128.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. UBS Group decreased their target price on Wynn Resorts from $117.00 to $108.00 and set a "neutral" rating on the stock in a report on Tuesday, February 6th. Stifel Nicolaus raised their price target on Wynn Resorts from $135.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Wynn Resorts from $118.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.62.
Read Our Latest Analysis on WYNN
Wynn Resorts Price Performance
WYNN stock traded down $0.32 during trading hours on Friday, reaching $96.79. 1,072,483 shares of the stock were exchanged, compared to its average volume of 1,790,460. The firm's 50-day moving average is $99.73 and its 200-day moving average is $95.75. Wynn Resorts has a 12 month low of $81.65 and a 12 month high of $112.25. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 13.26 and a beta of 1.91.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Tuesday, May 7th. The casino operator reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.16. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period last year, the business earned $0.29 earnings per share. The firm's revenue was up 30.9% on a year-over-year basis. As a group, equities research analysts forecast that Wynn Resorts will post 5.58 earnings per share for the current year.
Institutional Trading of Wynn Resorts
Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Wynn Resorts by 3,000.0% during the fourth quarter. Blue Trust Inc. now owns 279 shares of the casino operator's stock worth $25,000 after acquiring an additional 270 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Wynn Resorts during the 4th quarter valued at approximately $27,000. Sunbelt Securities Inc. increased its position in Wynn Resorts by 4,285.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator's stock worth $28,000 after purchasing an additional 300 shares in the last quarter. Register Financial Advisors LLC bought a new position in Wynn Resorts in the 1st quarter valued at approximately $37,000. Finally, GAMMA Investing LLC acquired a new stake in Wynn Resorts in the fourth quarter valued at approximately $38,000. Institutional investors own 68.87% of the company's stock.
Wynn Resorts Company Profile
(
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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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