Macquarie reiterated their outperform rating on shares of Wynn Resorts (NASDAQ:WYNN - Free Report) in a research report report published on Friday,Benzinga reports. The brokerage currently has a $115.00 price target on the casino operator's stock.
A number of other equities analysts have also issued reports on the company. JPMorgan Chase & Co. raised their target price on Wynn Resorts from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Barclays raised their price objective on Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday. Wells Fargo & Company dropped their target price on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased 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 note on Tuesday, November 5th. Finally, Jefferies Financial Group cut their price objective on shares of Wynn Resorts from $109.00 to $105.00 and set a "hold" rating on the stock in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.58.
Read Our Latest Report on WYNN
Wynn Resorts Price Performance
NASDAQ WYNN traded up $2.40 during trading on Friday, hitting $91.22. The company's stock had a trading volume of 1,316,663 shares, compared to its average volume of 2,789,523. Wynn Resorts has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The company has a market cap of $10.02 billion, a PE ratio of 11.22, a P/E/G ratio of 2.32 and a beta of 1.76. The business's 50 day simple moving average is $85.52 and its 200-day simple moving average is $86.96.
Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. Analysts expect that Wynn Resorts will post 4.69 EPS for the current fiscal year.
Wynn Resorts Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. Wynn Resorts's dividend payout ratio (DPR) is 12.33%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of WYNN. Regal Partners Ltd boosted its stake 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 acquiring an additional 174,005 shares during the last quarter. Wellington Management Group LLP raised its position in shares of 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 last quarter. Empirical Asset Management LLC purchased a new position in shares of Wynn Resorts in the fourth quarter worth about $903,000. Crystal Rock Capital Management purchased a new stake in Wynn Resorts during the 3rd quarter valued at about $719,000. Finally, ARGA Investment Management LP acquired a new stake in Wynn Resorts in the 3rd quarter valued at about $2,174,000. 88.64% of the stock is owned by hedge funds and other institutional investors.
Wynn Resorts Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Wynn Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wynn Resorts wasn't on the list.
While Wynn Resorts currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
