Shares of Wynn Resorts, Limited (NASDAQ:WYNN) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $112.83 and last traded at $111.73, with a volume of 71215 shares changing hands. The stock had previously closed at $113.87.

WYNN has been the subject of a number of research analyst reports. BidaskClub upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, July 17th. Stifel Nicolaus dropped their price target on Wynn Resorts from $207.00 to $192.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Wynn Resorts in a research report on Wednesday, August 1st. Nomura dropped their price target on Wynn Resorts from $220.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, July 9th. Finally, Morgan Stanley lifted their price target on Wynn Resorts from $199.00 to $200.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $187.00.

The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 0.80 and a beta of 1.41. The company has a debt-to-equity ratio of 4.47, a current ratio of 1.08 and a quick ratio of 1.04.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, August 1st. The casino operator reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.96 by ($0.43). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.72 billion. Wynn Resorts had a return on equity of 69.17% and a net margin of 7.90%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, equities analysts forecast that Wynn Resorts, Limited will post 7.35 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in WYNN. Steward Partners Investment Advisory LLC lifted its position in Wynn Resorts by 115.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 614 shares of the casino operator’s stock worth $103,000 after buying an additional 329 shares during the last quarter. North Star Investment Management Corp. bought a new stake in Wynn Resorts in the 2nd quarter worth approximately $122,000. Atlas Capital Advisors LLC bought a new stake in Wynn Resorts in the second quarter valued at approximately $130,000. Dupont Capital Management Corp lifted its position in Wynn Resorts by 87.9% in 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 during the last quarter. Finally, Cerebellum GP LLC bought a new stake in Wynn Resorts in the second quarter valued at approximately $169,000. Institutional investors own 75.36% of the company’s stock.

About Wynn Resorts (NASDAQ:WYNN)

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.

Recommended Story: Diversification For Individual Investors

Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.