A number of firms have modified their ratings and price targets on shares of Wynn Resorts (NASDAQ: WYNN) recently:

  • 11/15/2018 – Wynn Resorts is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating on the stock.
  • 11/8/2018 – Wynn Resorts had its price target lowered by analysts at Credit Suisse Group AG from $119.00 to $104.00. They now have a “neutral” rating on the stock.
  • 11/8/2018 – Wynn Resorts had its price target lowered by analysts at Bank of America Corp from $125.00 to $114.00. They now have a “neutral” rating on the stock.
  • 11/8/2018 – Wynn Resorts had its price target lowered by analysts at Telsey Advisory Group from $160.00 to $105.00. They now have a “market perform” rating on the stock.
  • 11/8/2018 – Wynn Resorts had its price target lowered by analysts at Jefferies Financial Group Inc from $170.00 to $114.00. They now have a “hold” rating on the stock.
  • 11/8/2018 – Wynn Resorts had its price target lowered by analysts at Morgan Stanley from $139.00 to $130.00. They now have a “hold” rating on the stock.
  • 11/8/2018 – Wynn Resorts had its price target lowered by analysts at Roth Capital from $210.00 to $140.00. They now have a “buy” rating on the stock.
  • 11/8/2018 – Wynn Resorts had its price target lowered by analysts at Stifel Nicolaus from $192.00 to $138.00. They now have a “buy” rating on the stock.
  • 10/23/2018 – Wynn Resorts had its price target lowered by analysts at Credit Suisse Group AG from $137.00 to $119.00. They now have a “neutral” rating on the stock.
  • 10/16/2018 – Wynn Resorts had its “hold” rating reaffirmed by analysts at Bank of America Corp. They now have a $125.00 price target on the stock.
  • 9/29/2018 – Wynn Resorts was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of WYNN stock traded down $3.73 during mid-day trading on Tuesday, reaching $100.49. 147,715 shares of the company’s stock traded hands, compared to its average volume of 3,862,751. Wynn Resorts, Limited has a 12 month low of $92.50 and a 12 month high of $203.63. The stock has a market cap of $11.72 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.56. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 5.65.

Wynn Resorts (NASDAQ:WYNN) last announced its 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). Wynn Resorts had a net margin of 8.92% and a return on equity of 56.04%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm posted $1.52 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Wynn Resorts, Limited will post 6.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Tuesday, November 20th. Wynn Resorts’s dividend payout ratio (DPR) is presently 54.95%.

In other Wynn Resorts news, Director Philip G. Satre bought 9,800 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $103.01 per share, for a total transaction of $1,009,498.00. Following the acquisition, the director now owns 100 shares in the company, valued at approximately $10,301. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.95% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB raised its position in Wynn Resorts by 25.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 10,580 shares of the casino operator’s stock worth $1,770,000 after buying an additional 2,127 shares during the last quarter. Atria Investments LLC raised its position in Wynn Resorts by 43.1% in the 2nd quarter. Atria Investments LLC now owns 2,213 shares of the casino operator’s stock worth $370,000 after buying an additional 667 shares during the last quarter. Bank of Montreal Can raised its position in Wynn Resorts by 18.7% in the 2nd quarter. Bank of Montreal Can now owns 99,318 shares of the casino operator’s stock worth $16,620,000 after buying an additional 15,651 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Wynn Resorts in the 2nd quarter worth about $276,000. Finally, Retirement Systems of Alabama raised its position in Wynn Resorts by 3.5% in the 2nd quarter. Retirement Systems of Alabama now owns 39,732 shares of the casino operator’s stock worth $6,649,000 after buying an additional 1,346 shares during the last quarter. Institutional investors own 71.48% of the company’s stock.

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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