Wynn Resorts Ltd. (NASDAQ:WYNN) Given Consensus Recommendation of “Hold” by Analysts
Wynn Resorts Ltd. (NASDAQ:WYNN) has been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the firm. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $100.71.
Several equities research analysts recently weighed in on the company. Deutsche Bank AG restated a “hold” rating on shares of Wynn Resorts in a report on Friday, September 16th. Credit Agricole SA set a $97.00 target price on Wynn Resorts and gave the company a “sell” rating in a report on Monday, September 19th. Telsey Advisory Group increased their target price on Wynn Resorts from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Nomura lowered Wynn Resorts from a “neutral” rating to a “reduce” rating and upped their price target for the company from $78.00 to $83.00 in a research report on Friday, July 29th. Finally, Vetr lowered Wynn Resorts from a “buy” rating to a “hold” rating and set a $103.36 price target for the company. in a research report on Tuesday, July 26th.
Shares of Wynn Resorts (NASDAQ:WYNN) opened at 96.38 on Friday. The firm has a market cap of $9.78 billion, a PE ratio of 29.82 and a beta of 1.85. The firm has a 50-day moving average price of $98.44 and a 200-day moving average price of $96.19. Wynn Resorts has a 52 week low of $49.95 and a 52 week high of $109.50.
Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, July 28th. The casino operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. The company earned $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Wynn Resorts had a return on equity of 3,746.24% and a net margin of 7.67%. Wynn Resorts’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. On average, equities research analysts predict that Wynn Resorts will post $3.81 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in WYNN. Euclid Advisors LLC increased its position in Wynn Resorts by 7,331.2% in the first quarter. Euclid Advisors LLC now owns 286,846 shares of the casino operator’s stock worth $26,800,000 after buying an additional 282,986 shares during the period. Alps Advisors Inc. increased its position in Wynn Resorts by 3.1% in the second quarter. Alps Advisors Inc. now owns 262,208 shares of the casino operator’s stock valued at $23,767,000 after buying an additional 7,960 shares during the period. Jericho Capital Asset Management L.P. bought a new position in Wynn Resorts during the first quarter valued at $44,826,000. Pacific Heights Asset Management LLC increased its position in Wynn Resorts by 19.2% in the second quarter. Pacific Heights Asset Management LLC now owns 155,000 shares of the casino operator’s stock valued at $14,049,000 after buying an additional 25,000 shares during the period. Finally, Geode Capital Management LLC increased its position in Wynn Resorts by 2.6% in the first quarter. Geode Capital Management LLC now owns 685,308 shares of the casino operator’s stock valued at $63,903,000 after buying an additional 17,611 shares during the period. Hedge funds and other institutional investors own 74.48% 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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