Wynn Resorts (NASDAQ:WYNN) Earns "Neutral" Rating from UBS Group

Wynn Resorts (NASDAQ:WYNN - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at UBS Group in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They presently have a $101.00 target price on the casino operator's stock, up from their previous target price of $83.00. UBS Group's price target would suggest a potential downside of 9.15% from the company's current price.

A number of other equities research analysts have also issued reports on WYNN. Argus lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Barclays cut their price objective on shares of Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. assumed coverage on shares of Wynn Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $109.00 price objective for the company. Bank of America raised shares of Wynn Resorts from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group assumed coverage on Wynn Resorts in a research report on Monday. They issued a "buy" rating and a $122.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $112.71.

Wynn Resorts Trading Down 0.7%

Wynn Resorts stock traded down $0.76 during midday trading on Tuesday, hitting $111.17. The stock had a trading volume of 1,207,241 shares, compared to its average volume of 2,600,477. The firm's fifty day moving average is $92.94 and its two-hundred day moving average is $86.35. The company has a market capitalization of $11.62 billion, a PE ratio of 30.88, a P/E/G ratio of 3.24 and a beta of 1.37. Wynn Resorts has a 52-week low of $65.25 and a 52-week high of $112.36.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Tuesday, May 6th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.17). The firm had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 62.13% and a net margin of 6.17%. The company's revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 earnings per share. As a group, equities research analysts predict that Wynn Resorts will post 5.17 earnings per share for the current fiscal year.

Insider Transactions at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,262 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was 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 in the company, valued at $282,439.92. This trade represents a 42.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Wynn Resorts

A number of institutional investors have recently bought and sold shares of the stock. BOKF NA lifted its position in Wynn Resorts by 3.9% in the fourth quarter. BOKF NA now owns 3,557 shares of the casino operator's stock worth $289,000 after buying an additional 132 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Wynn Resorts by 1.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 7,057 shares of the casino operator's stock worth $589,000 after purchasing an additional 132 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Wynn Resorts by 5.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 2,589 shares of the casino operator's stock worth $223,000 after purchasing an additional 138 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Wynn Resorts by 0.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 31,119 shares of the casino operator's stock worth $2,681,000 after purchasing an additional 142 shares during the last quarter. Finally, Navalign LLC lifted its position in shares of Wynn Resorts by 1.8% during the first quarter. Navalign LLC now owns 8,252 shares of the casino operator's stock worth $689,000 after purchasing an additional 144 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

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.