Analysts Issued Wynn Resorts, Limited (WYNN) Target Price at $125.29

Analysts Issued Wynn Resorts, Limited (WYNN) Target Price at $125.29

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have been given an average rating of “Buy” by the twenty-four research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $125.64.

Several brokerages have recently weighed in on WYNN. CLSA upgraded shares of Wynn Resorts, Limited from an “underperform” rating to an “outperform” rating in a research note on Thursday, April 20th. Stifel Nicolaus upped their target price on shares of Wynn Resorts, Limited from $112.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Instinet upped their target price on shares of Wynn Resorts, Limited from $103.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, April 28th. Wells Fargo & Co restated a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Thursday, April 6th. Finally, Vetr downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating and set a $135.39 target price for the company. in a research note on Thursday.

In other Wynn Resorts, Limited news, EVP John Strzemp sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $100.38, for a total transaction of $2,007,600.00. Following the transaction, the executive vice president now owns 218,323 shares of the company’s stock, valued at approximately $21,915,262.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John J. Hagenbuch sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $128.40, for a total transaction of $147,660.00. Following the transaction, the director now directly owns 11,662 shares in the company, valued at approximately $1,497,400.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,376 shares of company stock worth $9,895,366. 12.60% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in Wynn Resorts, Limited by 83.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock valued at $117,000 after buying an additional 462 shares during the last quarter. FNY Partners Fund LP boosted its position in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock valued at $126,000 after buying an additional 1,080 shares during the last quarter. Mercer Capital Advisers Inc. bought a new position in Wynn Resorts, Limited during the first quarter valued at approximately $143,000. Sunbelt Securities Inc. bought a new position in Wynn Resorts, Limited during the fourth quarter valued at approximately $176,000. Finally, Gulf International Bank UK Ltd boosted its position in Wynn Resorts, Limited by 13.9% in the first quarter. Gulf International Bank UK Ltd now owns 1,639 shares of the casino operator’s stock valued at $187,000 after buying an additional 200 shares during the last quarter. 75.36% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts, Limited (NASDAQ:WYNN) traded up 0.82% during midday trading on Tuesday, hitting $134.68. 2,292,031 shares of the stock traded hands. The company’s 50-day moving average is $122.59 and its 200-day moving average is $104.84. The company has a market cap of $13.70 billion, a PE ratio of 51.19 and a beta of 1.90. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $135.26. Wynn Resorts, Limited also was the target of some unusual options trading activity on Wednesday. Investors acquired 11,433 put options on the stock. This represents an increase of 142% compared to the average daily volume of 4,724 put options.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, April 25th. The casino operator reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.28. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. Wynn Resorts, Limited had a net margin of 5.42% and a return on equity of 5,683.62%. The business’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. Equities research analysts expect that Wynn Resorts, Limited will post $4.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 23rd. Shareholders of record on Thursday, May 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $2.00 annualized dividend and a yield of 1.49%. Wynn Resorts, Limited’s payout ratio is 84.03%.

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”});

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