Investment Analysts’ Weekly Ratings Updates for Wynn Resorts (WYNN)

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

  • 6/6/2018 – Wynn Resorts was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 6/6/2018 – Wynn Resorts was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/4/2018 – Wynn Resorts had its price target lowered by analysts at Deutsche Bank AG from $219.00 to $215.00. They now have a “buy” rating on the stock.
  • 6/4/2018 – Wynn Resorts had its price target lowered by analysts at Citigroup Inc to $215.00. They now have a “buy” rating on the stock.
  • 5/2/2018 – Wynn Resorts was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/29/2018 – Wynn Resorts had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $219.00 price target on the stock.
  • 4/25/2018 – Wynn Resorts had its price target raised by analysts at Telsey Advisory Group from $200.00 to $205.00. They now have a “market perform” rating on the stock.
  • 4/25/2018 – Wynn Resorts had its price target raised by analysts at Stifel Nicolaus from $186.00 to $209.00. They now have a “hold” rating on the stock.
  • 4/25/2018 – Wynn Resorts had its price target raised by analysts at Morgan Stanley from $197.00 to $199.00. They now have an “equal weight” rating on the stock.
  • 4/25/2018 – Wynn Resorts was given a new $230.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 4/25/2018 – Wynn Resorts had its price target raised by analysts at Nomura from $210.00 to $215.00. They now have a “buy” rating on the stock.
  • 4/21/2018 – Wynn Resorts was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 4/17/2018 – Wynn Resorts was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $195.00 price target on the stock.

Shares of WYNN stock opened at $179.39 on Wednesday. Wynn Resorts, Limited has a 12 month low of $124.11 and a 12 month high of $203.63. The company has a market cap of $19.63 billion, a price-to-earnings ratio of 32.86 and a beta of 1.40. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.17 and a quick ratio of 1.13.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, April 24th. The casino operator reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.32. Wynn Resorts had a net margin of 6.75% and a return on equity of 101.01%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The firm’s revenue was up 20.5% on a year-over-year basis. research analysts predict that Wynn Resorts, Limited will post 8.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 29th. Shareholders of record on Thursday, May 17th were issued a dividend of $0.75 per share. This is a boost from Wynn Resorts’s previous quarterly dividend of $0.50. This represents a $3.00 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, May 16th. Wynn Resorts’s dividend payout ratio is currently 54.95%.

In other news, major shareholder Stephen A. Wynn sold 4,104,999 shares of the stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $180.00, for a total value of $738,899,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Jos Miller sold 10,000 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $191.73, for a total transaction of $1,917,300.00. Following the completion of the sale, the director now directly owns 19,162 shares of the company’s stock, valued at $3,673,930.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,133,449 shares of company stock valued at $744,342,731. 0.95% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Wynn Resorts by 5.0% in the fourth quarter. BlackRock Inc. now owns 5,141,200 shares of the casino operator’s stock worth $866,755,000 after purchasing an additional 242,948 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Wynn Resorts in the first quarter worth $184,340,000. TIAA CREF Investment Management LLC increased its stake in shares of Wynn Resorts by 6.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 896,648 shares of the casino operator’s stock worth $151,166,000 after purchasing an additional 52,626 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Wynn Resorts by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 881,513 shares of the casino operator’s stock worth $148,308,000 after purchasing an additional 28,066 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Wynn Resorts by 2,549.2% in the fourth quarter. Two Sigma Investments LP now owns 457,621 shares of the casino operator’s stock worth $77,150,000 after purchasing an additional 440,347 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts, Limited develops, 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 a total of 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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