Wynn Resorts (NASDAQ:WYNN) Earns Buy Rating from Deutsche Bank

Deutsche Bank reissued their buy rating on shares of Wynn Resorts (NASDAQ:WYNN) in a research note published on Monday morning, AnalystRatings.com reports. Deutsche Bank currently has a $155.00 price objective on the casino operator’s stock.

WYNN has been the subject of several other research reports. Stifel Nicolaus set a $74.00 price objective on InterXion and gave the company a buy rating in a research note on Friday, May 10th. Barclays reiterated a hold rating on shares of Mettler-Toledo International in a research note on Wednesday, May 15th. ValuEngine upgraded XCel Brands from a sell rating to a hold rating in a research note on Tuesday, July 9th. Zacks Investment Research upgraded Zymeworks from a hold rating to a buy rating and set a $18.00 target price for the company in a research note on Saturday, April 13th. Finally, Jefferies Financial Group boosted their target price on Wynn Resorts from $160.00 to $165.00 and gave the stock a buy rating in a research note on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Wynn Resorts currently has an average rating of Buy and an average price target of $147.44.

Shares of WYNN opened at $135.89 on Monday. The firm has a 50-day moving average of $122.10. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 4.84. The stock has a market cap of $14.83 billion, a PE ratio of 20.78, a PEG ratio of 2.28 and a beta of 1.93. Wynn Resorts has a 1 year low of $90.06 and a 1 year high of $167.59.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, May 9th. The casino operator reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Wynn Resorts had a return on equity of 35.83% and a net margin of 13.43%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.30 EPS. Research analysts forecast that Wynn Resorts will post 6.05 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of WYNN. NEXT Financial Group Inc grew its holdings in Wynn Resorts by 81.7% during the second quarter. NEXT Financial Group Inc now owns 545 shares of the casino operator’s stock worth $68,000 after acquiring an additional 245 shares during the period. Edge Wealth Management LLC acquired a new position in Wynn Resorts during the second quarter worth $248,000. PM CAPITAL Ltd grew its holdings in Wynn Resorts by 4.2% during the second quarter. PM CAPITAL Ltd now owns 242,411 shares of the casino operator’s stock worth $30,057,000 after acquiring an additional 9,681 shares during the period. Retirement Systems of Alabama grew its holdings in Wynn Resorts by 236.5% during the second quarter. Retirement Systems of Alabama now owns 151,788 shares of the casino operator’s stock worth $18,820,000 after acquiring an additional 106,680 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Wynn Resorts by 569.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 35,590 shares of the casino operator’s stock worth $4,247,000 after acquiring an additional 30,271 shares during the period. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Wynn Resorts Company Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

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Analyst Recommendations for Wynn Resorts (NASDAQ:WYNN)

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