Bank of America restated their hold rating on shares of Wynn Resorts (NASDAQ:WYNN) in a research report released on Tuesday morning. The firm currently has a $125.00 target price on the casino operator’s stock.

WYNN has been the topic of a number of other reports. BidaskClub downgraded shares of Wynn Resorts from a sell rating to a strong sell rating in a report on Saturday, September 29th. ValuEngine downgraded shares of Wynn Resorts from a sell rating to a strong sell rating in a report on Friday, September 7th. Zacks Investment Research downgraded shares of Wynn Resorts from a hold rating to a sell rating in a report on Monday, July 16th. Morgan Stanley increased their price target on shares of Wynn Resorts from $199.00 to $200.00 and gave the stock an equal weight rating in a report on Tuesday, June 26th. Finally, Stifel Nicolaus lowered their price target on shares of Wynn Resorts from $207.00 to $192.00 and set a buy rating on the stock in a report on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $187.00.

NASDAQ:WYNN opened at $113.87 on Tuesday. The firm has a market capitalization of $12.85 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.41. Wynn Resorts has a 1-year low of $113.31 and a 1-year high of $203.63. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 4.47.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Wednesday, August 1st. The casino operator reported $1.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.96 by ($0.43). Wynn Resorts had a return on equity of 69.17% and a net margin of 7.90%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the company posted $1.18 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Research analysts predict that Wynn Resorts will post 7.35 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC lifted its holdings in Wynn Resorts by 115.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 614 shares of the casino operator’s stock valued at $103,000 after purchasing an additional 329 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in Wynn Resorts by 87.9% during the second quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock valued at $138,000 after purchasing an additional 385 shares in the last quarter. Redpoint Investment Management Pty Ltd lifted its holdings in Wynn Resorts by 21.6% during the second quarter. Redpoint Investment Management Pty Ltd now owns 2,226 shares of the casino operator’s stock valued at $372,000 after purchasing an additional 395 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Wynn Resorts by 26.9% during the first quarter. Moors & Cabot Inc. now owns 1,887 shares of the casino operator’s stock valued at $344,000 after purchasing an additional 400 shares in the last quarter. Finally, Securian Asset Management Inc lifted its holdings in Wynn Resorts by 4.9% during the second quarter. Securian Asset Management Inc now owns 8,751 shares of the casino operator’s stock valued at $1,464,000 after purchasing an additional 407 shares in the last quarter. 75.36% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Company Profile

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

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Analyst Recommendations for Wynn Resorts (NASDAQ:WYNN)

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