The Wynn Resorts, Limited (WYNN) Rating Lowered to Hold at Vetr Inc.

The Wynn Resorts, Limited (WYNN) Rating Lowered to Hold at Vetr Inc.

Several other research firms also recently issued reports on WYNN. Barclays PLC raised Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $87.00 to $144.00 in a report on Friday, May 12th. Zacks Investment Research downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Wynn Resorts, Limited in a report on Thursday, January 19th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Thursday, April 20th. Finally, Union Gaming Research raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $119.33.

Wynn Resorts, Limited (NASDAQ:WYNN) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, May 15th. They currently have a $130.58 price target on the casino operator’s stock. Vetr‘s price objective indicates a potential downside of 3.04% from the company’s previous close.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 134.68 on Monday. The stock has a market cap of $13.70 billion, a PE ratio of 51.19 and a beta of 1.90. The company’s 50-day moving average price is $123.22 and its 200 day moving average price is $105.21. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $135.26.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, April 25th. The casino operator reported $1.24 EPS for the quarter, topping the consensus estimate of $0.96 by $0.28. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. Wynn Resorts, Limited had a return on equity of 5,683.62% and a net margin of 5.42%. Wynn Resorts, Limited’s revenue was up 47.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. Equities analysts forecast that Wynn Resorts, Limited will post $4.72 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 23rd. Shareholders of record on Thursday, May 11th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 9th. This represents a $2.00 annualized dividend and a yield of 1.49%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 84.03%.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, April 25th. The casino operator reported $1.24 EPS for the quarter, topping the consensus estimate of $0.96 by $0.28. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. Wynn Resorts, Limited had a return on equity of 5,683.62% and a net margin of 5.42%. Wynn Resorts, Limited’s revenue was up 47.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. Equities analysts forecast that Wynn Resorts, Limited will post $4.72 EPS for the current fiscal year. In other Wynn Resorts, Limited news, Director John J. Hagenbuch sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $128.40, for a total transaction of $147,660.00. Following the completion of the sale, the director now directly owns 11,662 shares in the company, valued at $1,497,400.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matt Maddox sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $124.25, for a total transaction of $7,455,000.00. Following the sale, the president now owns 354,895 shares of the company’s stock, valued at $44,095,703.75. The disclosure for this sale can be found here. Insiders have sold 63,376 shares of company stock valued at $7,887,766 over the last 90 days. Company insiders own 12.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in WYNN. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Wynn Resorts, Limited by 102.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,184 shares of the casino operator’s stock valued at $1,284,000 after buying an additional 6,675 shares in the last quarter. AMP Capital Investors Ltd boosted its position in shares of Wynn Resorts, Limited by 225.0% in the third quarter. AMP Capital Investors Ltd now owns 73,545 shares of the casino operator’s stock valued at $7,397,000 after buying an additional 50,913 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Wynn Resorts, Limited by 6.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 11,476 shares of the casino operator’s stock valued at $1,118,000 after buying an additional 700 shares in the last quarter. Morgan Stanley boosted its position in shares of Wynn Resorts, Limited by 4.1% in the third quarter. Morgan Stanley now owns 646,531 shares of the casino operator’s stock valued at $62,986,000 after buying an additional 25,753 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Wynn Resorts, Limited by 11.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 8,593 shares of the casino operator’s stock valued at $837,000 after buying an additional 900 shares in the last quarter. 75.36% of the stock is currently owned by institutional investors. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WYNN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); To view Vetr’s full report, visit Vetr’s official website.

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