Wynn Resorts, Limited (NASDAQ:WYNN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $118.00.

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Barclays dropped their target price on shares of 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 lifted their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. lifted their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group lowered their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, January 3rd.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $80.65 on Friday. Wynn Resorts has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 2.50 and a beta of 1.76. The firm’s 50-day simple moving average is $87.33 and its 200 day simple moving average is $86.88.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Monday, November 4th. The casino operator reported $0.90 EPS 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 prior year, the business earned $0.99 EPS. Wynn Resorts’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts predict that Wynn Resorts will post 4.69 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Regal Partners Ltd grew 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 buying an additional 174,005 shares in the last quarter. Wellington Management Group LLP grew its stake in Wynn Resorts by 90.6% in the 3rd 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 in the last quarter. Empirical Asset Management LLC purchased a new position in shares of Wynn Resorts during the 4th quarter valued at $903,000. Crystal Rock Capital Management purchased a new position in shares of Wynn Resorts during the 3rd quarter valued at $719,000. Finally, ARGA Investment Management LP purchased a new position in shares of Wynn Resorts during the 3rd quarter valued at $2,174,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

About Wynn Resorts

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.