Wynn Resorts, Limited (NASDAQ:WYNN) Receives $115.71 Average Target Price from Analysts

Shares of Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $115.71.

WYNN has been the subject of several analyst reports. Barclays dropped their price objective on Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Morgan Stanley upped their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on Wynn Resorts from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Susquehanna increased their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a "positive" rating in a report on Friday, October 11th.

Insider Buying and Selling at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the transaction, the director now owns 5,689 shares of the company's stock, valued at $447,894.97. This trade represents a 31.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.52% of the company's stock.

Institutional Trading of Wynn Resorts

A number of institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Wynn Resorts in the 2nd quarter valued at about $25,000. Blue Trust Inc. lifted its stake in Wynn Resorts by 556.0% in the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator's stock valued at $49,000 after buying an additional 467 shares during the period. Versant Capital Management Inc bought a new position in shares of Wynn Resorts during the 2nd quarter worth approximately $51,000. Covestor Ltd grew its position in shares of Wynn Resorts by 421.7% during the 1st quarter. Covestor Ltd now owns 626 shares of the casino operator's stock worth $64,000 after buying an additional 506 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Wynn Resorts by 25.1% in the 2nd quarter. GAMMA Investing LLC now owns 828 shares of the casino operator's stock valued at $74,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 68.87% of the company's stock.

Wynn Resorts Stock Down 2.4 %

Shares of NASDAQ WYNN traded down $2.22 during mid-day trading on Friday, reaching $90.74. 3,816,948 shares of the company were exchanged, compared to its average volume of 3,059,809. Wynn Resorts has a twelve month low of $71.63 and a twelve month high of $110.38. The stock has a market capitalization of $9.97 billion, a P/E ratio of 11.19, a P/E/G ratio of 3.26 and a beta of 1.80. The company's 50-day simple moving average is $92.12 and its 200-day simple moving average is $88.24.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.11). The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. As a group, equities research analysts expect that Wynn Resorts will post 4.87 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, November 15th. Wynn Resorts's dividend payout ratio is currently 12.33%.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.