Wynn Resorts, Limited (NASDAQ:WYNN) Given Average Rating of “Moderate Buy” by Analysts

Wynn Resorts, Limited (NASDAQ:WYNN) has earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $117.23.

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Wynn Resorts in a research report on Tuesday, November 5th. Wells Fargo & Company cut their price objective on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Jefferies Financial Group cut their price objective on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th.

Wynn Resorts Trading Down 0.4 %

NASDAQ:WYNN opened at $83.19 on Friday. Wynn Resorts has a 12 month low of $71.63 and a 12 month high of $110.38. The company has a market cap of $9.14 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 2.50 and a beta of 1.76. The company has a 50 day simple moving average of $87.75 and a two-hundred day simple moving average of $86.97.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts forecast that Wynn Resorts will post 4.69 earnings per share for the current year.

Institutional Trading of Wynn Resorts

Several hedge funds have recently bought and sold shares of the stock. IHT Wealth Management LLC lifted its stake in Wynn Resorts by 1.7% in the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock worth $654,000 after purchasing an additional 112 shares in the last quarter. Fifth Third Bancorp lifted its stake in Wynn Resorts by 5.8% in the 4th quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator’s stock worth $188,000 after purchasing an additional 119 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Wynn Resorts by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock worth $81,000 after purchasing an additional 122 shares in the last quarter. Allworth Financial LP lifted its stake in Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after purchasing an additional 133 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Wynn Resorts by 1.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,798 shares of the casino operator’s stock valued at $844,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts Company Profile

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.