Jefferies Financial Group Cuts Wynn Resorts (NASDAQ:WYNN) Price Target to $105.00

Wynn Resorts (NASDAQ:WYNN - Get Free Report) had its price target reduced by Jefferies Financial Group from $109.00 to $105.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the casino operator's stock. Jefferies Financial Group's price objective indicates a potential upside of 26.02% from the company's current price.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Barclays dropped their price target on Wynn Resorts from $125.00 to $119.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Susquehanna boosted their price objective on Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a research report on Friday, October 11th. Wells Fargo & Company dropped their target price on shares of Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their price target on shares of Wynn Resorts from $121.00 to $103.00 and set a "buy" rating for the company in a report on Friday, September 13th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $116.36.

Wynn Resorts Stock Performance

WYNN traded down $0.48 during midday trading on Friday, reaching $83.32. 2,805,406 shares of the company were exchanged, compared to its average volume of 2,404,103. The stock has a market capitalization of $9.15 billion, a P/E ratio of 10.27, a PEG ratio of 3.46 and a beta of 1.78. Wynn Resorts has a one year low of $71.63 and a one year high of $110.38. The stock's 50-day simple moving average is $91.04 and its 200 day simple moving average is $87.41.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released 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 negative return on equity of 61.16% and a net margin of 13.37%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the business earned $0.99 EPS. The firm's revenue was up 1.3% compared to the same quarter last year. On average, research analysts anticipate that Wynn Resorts will post 4.79 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Regal Partners Ltd lifted its stake in Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator's stock valued at $86,168,000 after purchasing an additional 174,005 shares during the last quarter. Wellington Management Group LLP raised its stake 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 valued at $11,094,000 after buying an additional 54,995 shares during the period. Crystal Rock Capital Management acquired a new stake in shares of Wynn Resorts in the third quarter valued at approximately $719,000. MBB Public Markets I LLC acquired a new position in shares of Wynn Resorts during the 2nd quarter worth approximately $698,000. Finally, APG Asset Management N.V. increased its holdings in shares of Wynn Resorts by 231.0% during the 2nd quarter. APG Asset Management N.V. now owns 11,176 shares of the casino operator's stock worth $933,000 after acquiring an additional 7,800 shares during the last quarter. Institutional investors and hedge funds 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.