BidaskClub upgraded shares of Wynn Resorts (NASDAQ:WYNN) from a sell rating to a hold rating in a research report report published on Monday.
WYNN has been the topic of several other reports. ValuEngine raised Wynn Resorts from a strong sell rating to a sell rating in a research note on Monday, November 26th. Sanford C. Bernstein started coverage on Wynn Resorts in a research note on Thursday, November 15th. They issued an outperform rating on the stock. Deutsche Bank reaffirmed a buy rating and set a $123.00 price objective on shares of Wynn Resorts in a research report on Monday, December 17th. Jefferies Financial Group cut their price objective on Wynn Resorts from $170.00 to $114.00 and set a hold rating on the stock in a research report on Thursday, November 8th. Finally, Morgan Stanley cut their price objective on Wynn Resorts from $139.00 to $130.00 and set a hold rating on the stock in a research report on Thursday, November 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $163.63.
NASDAQ WYNN opened at $114.37 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $11.70 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. Wynn Resorts has a 1 year low of $90.06 and a 1 year high of $203.63.
Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Wednesday, November 7th. The casino operator reported $1.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.01). The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.67 billion. Wynn Resorts had a return on equity of 56.04% and a net margin of 8.92%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. As a group, analysts anticipate that Wynn Resorts will post 6.68 EPS for the current fiscal year.
In other news, Director Philip G. Satre acquired 9,800 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were acquired at an average cost of $103.01 per share, with a total value of $1,009,498.00. Following the transaction, the director now owns 100 shares in the company, valued at approximately $10,301. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.95% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. North Star Investment Management Corp. lifted its holdings in shares of Wynn Resorts by 118.6% during the third quarter. North Star Investment Management Corp. now owns 1,600 shares of the casino operator’s stock valued at $203,000 after purchasing an additional 868 shares during the last quarter. Financial Architects Inc lifted its holdings in shares of Wynn Resorts by 52.1% during the third quarter. Financial Architects Inc now owns 1,635 shares of the casino operator’s stock valued at $207,000 after purchasing an additional 560 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Wynn Resorts during the third quarter valued at approximately $254,000. Princeton Capital Management LLC purchased a new position in shares of Wynn Resorts during the third quarter valued at approximately $254,000. Finally, GFS Advisors LLC purchased a new position in shares of Wynn Resorts during the third quarter valued at approximately $266,000. Hedge funds and other institutional investors own 75.02% of the company’s stock.
About Wynn Resorts
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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