Wynn Resorts (NASDAQ:WYNN) had its target price cut by Roth Capital from $210.00 to $140.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the casino operator’s stock. Roth Capital’s price target points to a potential upside of 42.39% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group decreased their price target on Wynn Resorts from $170.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday. Stifel Nicolaus decreased their price target on Wynn Resorts from $192.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday. Morgan Stanley decreased their price target on Wynn Resorts from $139.00 to $130.00 and set a “hold” rating on the stock in a report on Thursday. Credit Suisse Group decreased their price target on Wynn Resorts from $119.00 to $104.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Telsey Advisory Group decreased their price target on Wynn Resorts from $160.00 to $105.00 and set a “market perform” rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $168.11.

NASDAQ:WYNN opened at $98.32 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 4.47. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 0.78 and a beta of 1.56. Wynn Resorts has a 52 week low of $92.50 and a 52 week high of $203.63.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Wednesday, November 7th. The casino operator reported $1.68 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.01). The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.67 billion. Wynn Resorts had a net margin of 8.92% and a return on equity of 59.67%. Wynn Resorts’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. As a group, analysts predict that Wynn Resorts will post 7.2 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WYNN. BlackRock Inc. grew its position in Wynn Resorts by 12.6% in the second quarter. BlackRock Inc. now owns 5,723,598 shares of the casino operator’s stock worth $957,788,000 after acquiring an additional 641,845 shares in the last quarter. FMR LLC grew its position in Wynn Resorts by 491.2% in the second quarter. FMR LLC now owns 625,891 shares of the casino operator’s stock worth $104,737,000 after acquiring an additional 520,025 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Wynn Resorts in the second quarter worth about $54,151,000. Wedge Capital Management L L P NC purchased a new position in Wynn Resorts in the second quarter worth about $44,659,000. Finally, Criterion Capital Management LLC grew its position in Wynn Resorts by 267.2% in the second quarter. Criterion Capital Management LLC now owns 333,806 shares of the casino operator’s stock worth $55,859,000 after acquiring an additional 242,906 shares in the last quarter. Institutional investors own 75.23% of the company’s stock.

Wynn Resorts Company Profile

Wynn Resorts, Limited 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 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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