Bank of America Corporation restated their neutral rating on shares of Wynn Resorts, Limited (NASDAQ:WYNN) in a research note released on Friday morning. Bank of America Corporation currently has a $140.00 price target on the casino operator’s stock, up from their prior price target of $135.00.

Several other analysts also recently commented on the company. BidaskClub downgraded Wynn Resorts, Limited from a buy rating to a hold rating in a research note on Wednesday, July 19th. Instinet restated a neutral rating on shares of Wynn Resorts, Limited in a research note on Monday, July 17th. Vetr upgraded Wynn Resorts, Limited from a hold rating to a buy rating and set a $146.26 target price for the company in a research note on Friday, July 14th. Sanford C. Bernstein restated an outperform rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. Finally, UBS AG restated a buy rating on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Wynn Resorts, Limited presently has a consensus rating of Buy and an average price target of $125.04.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 138.53 on Friday. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $139.67. The stock has a market capitalization of $14.10 billion, a P/E ratio of 52.65 and a beta of 1.73. The stock’s 50 day moving average price is $134.02 and its 200-day moving average price is $115.62.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, April 25th. The casino operator reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.28. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Wynn Resorts, Limited had a return on equity of 264.58% and a net margin of 5.41%. The business’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. Equities research analysts anticipate that Wynn Resorts, Limited will post $4.77 EPS for the current fiscal year.

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In related news, President Matt Maddox sold 44,309 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $134.35, for a total value of $5,952,914.15. Following the sale, the president now owns 344,895 shares of the company’s stock, valued at approximately $46,336,643.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia Mulroy sold 2,226 shares of Wynn Resorts, Limited stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $128.08, for a total transaction of $285,106.08. Following the completion of the sale, the director now directly owns 8,011 shares in the company, valued at approximately $1,026,048.88. The disclosure for this sale can be found here. Insiders sold a total of 130,309 shares of company stock worth $16,761,891 in the last ninety days. 13.20% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Newman Dignan & Sheerar Inc. bought a new stake in Wynn Resorts, Limited during the first quarter worth approximately $210,000. Gulf International Bank UK Ltd boosted its stake in Wynn Resorts, Limited by 13.9% in the first quarter. Gulf International Bank UK Ltd now owns 1,639 shares of the casino operator’s stock worth $187,000 after buying an additional 200 shares during the period. Chesley Taft & Associates LLC bought a new stake in Wynn Resorts, Limited during the first quarter worth approximately $1,034,000. CT Financial Advisors LLC boosted its stake in Wynn Resorts, Limited by 2.5% in the first quarter. CT Financial Advisors LLC now owns 2,250 shares of the casino operator’s stock worth $258,000 after buying an additional 55 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Wynn Resorts, Limited by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,536 shares of the casino operator’s stock worth $7,855,000 after buying an additional 2,225 shares during the period. 75.31% of the stock is currently owned by institutional investors.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) 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’s segments include Macau Operations and Las Vegas Operations.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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