Stifel Nicolaus Increases Wynn Resorts, Limited (WYNN) Price Target to $153.00

Wynn Resorts, Limited (NASDAQ:WYNN) had its price target hoisted by Stifel Nicolaus from $134.00 to $153.00 in a research note issued on Friday, October 27th. The firm currently has a “hold” rating on the casino operator’s stock. Stifel Nicolaus’ target price points to a potential downside of 0.39% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 price objective on the stock in a research note on Friday, July 14th. UBS AG reaffirmed a “buy” rating on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Deutsche Bank AG raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and raised their target price for the company from $138.00 to $150.00 in a research report on Tuesday, August 15th. Zacks Investment Research raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research report on Tuesday, September 26th. Finally, Citigroup Inc. lifted their price objective on Wynn Resorts, Limited to $161.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Eleven 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 stock. The stock has a consensus rating of “Buy” and an average price target of $148.11.

Wynn Resorts, Limited (WYNN) traded down $1.64 during trading hours on Friday, reaching $153.60. 1,099,300 shares of the company’s stock were exchanged, compared to its average volume of 2,094,015. The firm has a market cap of $15,955.96, a P/E ratio of 34.96 and a beta of 1.72. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. Wynn Resorts, Limited has a twelve month low of $84.88 and a twelve month high of $156.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, topping the consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 45.3% on a year-over-year basis. research analysts expect that Wynn Resorts, Limited will post 5.34 EPS for the current fiscal year.

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In other news, Director Alvin V. Shoemaker sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the transaction, the director now owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Matt Maddox sold 59,260 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $155.12, for a total value of $9,192,411.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,406 shares of company stock valued at $23,864,344. 13.20% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of WYNN. Vanguard Group Inc. lifted its holdings in Wynn Resorts, Limited by 3.1% in the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock valued at $1,108,476,000 after acquiring an additional 246,476 shares during the last quarter. Capital International Investors lifted its stake in Wynn Resorts, Limited by 0.3% during the third quarter. Capital International Investors now owns 3,143,896 shares of the casino operator’s stock worth $468,189,000 after purchasing an additional 8,534 shares in the last quarter. Maverick Capital Ltd. lifted its stake in Wynn Resorts, Limited by 36.9% during the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after purchasing an additional 339,550 shares in the last quarter. Thornburg Investment Management Inc. raised its stake in shares of Wynn Resorts, Limited by 1.2% in the third quarter. Thornburg Investment Management Inc. now owns 890,955 shares of the casino operator’s stock valued at $132,681,000 after acquiring an additional 10,734 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Wynn Resorts, Limited by 8.0% in the third quarter. Bank of New York Mellon Corp now owns 877,781 shares of the casino operator’s stock valued at $130,719,000 after buying an additional 65,335 shares during the last quarter. Institutional investors and hedge funds own 70.67% of the company’s stock.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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