Jefferies Financial Group Lowers Wynn Resorts (NASDAQ:WYNN) Price Target to $105.00

Wynn Resorts (NASDAQ:WYNN) had its price target lowered by equities research analysts at Jefferies Financial Group from $109.00 to $105.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the casino operator’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 26.02% from the company’s previous close.

WYNN has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays decreased their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company lowered their target price on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Stifel Nicolaus cut their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $116.36.

Wynn Resorts Stock Down 0.6 %

WYNN stock opened at $83.32 on Friday. The stock has a market capitalization of $9.15 billion, a P/E ratio of 10.27, a P/E/G ratio of 3.46 and a beta of 1.77. Wynn Resorts has a 52 week low of $71.63 and a 52 week high of $110.38. The firm has a 50-day simple moving average of $91.04 and a 200-day simple moving average of $87.40.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. Wynn Resorts’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. On average, analysts expect that Wynn Resorts will post 4.79 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Wynn Resorts during the 2nd quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Wynn Resorts during the third quarter worth about $31,000. Blue Trust Inc. lifted its position in shares of Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after purchasing an additional 467 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Wynn Resorts by 17.5% in the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after purchasing an additional 133 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Wynn Resorts by 703.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock valued at $99,000 after purchasing an additional 900 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.