Nomura upgraded shares of Wynn Resorts (NASDAQ:WYNN) from a neutral rating to a buy rating in a report published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $211.00 price objective on the casino operator’s stock, up from their previous price objective of $175.00.

Several other analysts have also recently issued reports on the stock. Citigroup set a $228.00 price target on shares of Wynn Resorts and gave the stock a buy rating in a research report on Tuesday, January 23rd. Goldman Sachs Group raised shares of Wynn Resorts from a sell rating to a neutral rating in a research report on Sunday, February 4th. Barclays upped their target price on shares of Wynn Resorts to $180.00 and gave the stock an overweight rating in a research note on Thursday, December 14th. Stifel Nicolaus upped their target price on shares of Wynn Resorts from $134.00 to $153.00 and gave the stock a hold rating in a research note on Friday, October 27th. Finally, Deutsche Bank restated a buy rating and set a $167.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 21st. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Wynn Resorts presently has a consensus rating of Buy and a consensus price target of $179.62.

Shares of Wynn Resorts (WYNN) opened at $166.22 on Wednesday. The stock has a market cap of $16,780.00, a PE ratio of 22.86 and a beta of 1.59. Wynn Resorts has a 1 year low of $92.67 and a 1 year high of $203.63. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.07. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Wynn Resorts had a net margin of 11.85% and a return on equity of 148.17%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. research analysts expect that Wynn Resorts will post 7.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.00 annualized dividend and a yield of 1.20%. Wynn Resorts’s dividend payout ratio is currently 27.51%.

In other Wynn Resorts news, President Matt Maddox sold 59,260 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $155.12, for a total value of $9,192,411.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 13.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. increased its stake in Wynn Resorts by 0.4% in the second quarter. Sunbelt Securities Inc. now owns 2,050 shares of the casino operator’s stock valued at $275,000 after purchasing an additional 8 shares during the last quarter. Cookson Peirce & Co. Inc. increased its stake in Wynn Resorts by 1.3% in the second quarter. Cookson Peirce & Co. Inc. now owns 3,230 shares of the casino operator’s stock valued at $433,000 after purchasing an additional 40 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Wynn Resorts by 4.1% in the second quarter. Thrivent Financial For Lutherans now owns 3,030 shares of the casino operator’s stock valued at $406,000 after purchasing an additional 120 shares during the last quarter. Sentry Investment Management LLC increased its stake in Wynn Resorts by 4.2% in the second quarter. Sentry Investment Management LLC now owns 5,940 shares of the casino operator’s stock valued at $797,000 after purchasing an additional 237 shares during the last quarter. Finally, Cibc Bank USA increased its stake in Wynn Resorts by 1.3% in the fourth quarter. Cibc Bank USA now owns 22,615 shares of the casino operator’s stock valued at $3,813,000 after purchasing an additional 295 shares during the last quarter. Institutional investors own 72.27% of the company’s stock.

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Wynn Resorts 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 (NASDAQ:WYNN)

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