Wynn Resorts, Limited (NASDAQ:WYNN) Given Consensus Rating of "Moderate Buy" by Analysts

Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $116.36.

Several analysts recently issued reports on WYNN shares. Stifel Nicolaus cut their target price on Wynn Resorts from $121.00 to $103.00 and set a "buy" rating on the stock in a research note on Friday, September 13th. JPMorgan Chase & Co. raised their price target on Wynn Resorts from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Susquehanna boosted their price objective on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a research report on Friday, October 11th. Macquarie restated an "outperform" rating and issued a $120.00 price objective on shares of Wynn Resorts in a report on Tuesday, November 5th. Finally, Jefferies Financial Group reduced their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a "hold" rating on the stock in a research report on Friday.

Wynn Resorts Trading Up 1.5 %

Shares of NASDAQ:WYNN traded up $1.29 on Monday, reaching $84.61. 2,923,475 shares of the company traded hands, compared to its average volume of 2,577,858. The stock has a market capitalization of $9.29 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.77. The business's 50-day simple moving average is $91.04 and its 200 day simple moving average is $87.39. Wynn Resorts has a 52 week low of $71.63 and a 52 week high of $110.38.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts expect that Wynn Resorts will post 4.79 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, November 15th. Wynn Resorts's payout ratio is currently 12.33%.

Hedge Funds Weigh In On Wynn Resorts

Large investors have recently added to or reduced their stakes in the company. Regal Partners Ltd increased its holdings in shares of Wynn Resorts by 24.0% in the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator's stock worth $86,168,000 after purchasing an additional 174,005 shares during the last quarter. Wellington Management Group LLP grew its position in Wynn Resorts by 90.6% in the third quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator's stock worth $11,094,000 after acquiring an additional 54,995 shares in the last quarter. Crystal Rock Capital Management bought a new stake in Wynn Resorts during the third quarter worth approximately $719,000. MBB Public Markets I LLC purchased a new stake in Wynn Resorts during the second quarter valued at approximately $698,000. Finally, APG Asset Management N.V. boosted its holdings in shares of Wynn Resorts by 231.0% in the 2nd quarter. APG Asset Management N.V. now owns 11,176 shares of the casino operator's stock worth $933,000 after purchasing an additional 7,800 shares during the period. Hedge funds and other institutional investors own 88.64% of the company's stock.

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.