Wynn Resorts (NASDAQ:WYNN) Upgraded at BidaskClub

BidaskClub upgraded shares of Wynn Resorts (NASDAQ:WYNN) from a hold rating to a buy rating in a research report released on Thursday, BidAskClub reports.

WYNN has been the topic of a number of other research reports. Goldman Sachs Group started coverage on Wynn Resorts in a report on Wednesday, April 10th. They set a neutral rating and a $132.00 price objective on the stock. Morgan Stanley upped their target price on Wynn Resorts from $122.00 to $130.00 and gave the company an equal weight rating in a report on Wednesday, March 6th. ValuEngine lowered Wynn Resorts from a hold rating to a sell rating in a report on Thursday, March 7th. Credit Suisse Group reissued a neutral rating and issued a $108.00 target price on shares of Wynn Resorts in a report on Wednesday, March 20th. Finally, Stifel Nicolaus upped their target price on Wynn Resorts from $146.00 to $157.00 and gave the company a buy rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Wynn Resorts currently has a consensus rating of Buy and an average target price of $147.75.

Shares of WYNN stock opened at $132.81 on Thursday. The business’s fifty day simple moving average is $118.23. Wynn Resorts has a 1-year low of $90.06 and a 1-year high of $167.59. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.17 and a beta of 1.93. The company has a debt-to-equity ratio of 4.84, a current ratio of 1.19 and a quick ratio of 1.16.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, May 9th. The casino operator reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. Wynn Resorts had a return on equity of 35.83% and a net margin of 13.43%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. Wynn Resorts’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Wynn Resorts will post 6.12 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Republic Investment Management Inc. boosted its stake in shares of Wynn Resorts by 1.8% during the first quarter. First Republic Investment Management Inc. now owns 5,420 shares of the casino operator’s stock valued at $647,000 after acquiring an additional 97 shares during the last quarter. Securian Asset Management Inc boosted its stake in shares of Wynn Resorts by 1.3% during the first quarter. Securian Asset Management Inc now owns 9,943 shares of the casino operator’s stock valued at $1,186,000 after acquiring an additional 131 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Wynn Resorts by 42.9% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 500 shares of the casino operator’s stock valued at $49,000 after acquiring an additional 150 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Wynn Resorts by 0.3% during the first quarter. Retirement Systems of Alabama now owns 45,108 shares of the casino operator’s stock valued at $5,382,000 after acquiring an additional 150 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its stake in shares of Wynn Resorts by 1.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 9,056 shares of the casino operator’s stock valued at $1,081,000 after acquiring an additional 165 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

About Wynn Resorts

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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