Wynn Resorts (NASDAQ:WYNN) Given New $125.00 Price Target at Barclays

by · The Markets Daily

Wynn Resorts (NASDAQ:WYNN – Free Report) had its price target upped by Barclays from $108.00 to $125.00 in a report published on Thursday, Benzinga reports. The firm currently has an overweight rating on the casino operator’s stock.

A number of other equities analysts have also weighed in on WYNN. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Wynn Resorts from $131.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group lowered their price target on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Susquehanna lifted their price objective on Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a report on Friday, October 11th. JPMorgan Chase & Co. decreased their target price on Wynn Resorts from $110.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, Macquarie reaffirmed an “outperform” rating and set a $126.00 price target on shares of Wynn Resorts in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.67.

View Our Latest Research Report on WYNN

Wynn Resorts Trading Up 1.5 %

Wynn Resorts stock opened at $99.44 on Thursday. Wynn Resorts has a 12 month low of $71.63 and a 12 month high of $110.38. The business’s fifty day simple moving average is $85.42 and its two-hundred day simple moving average is $89.25. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 2.57 and a beta of 1.81.

Wynn Resorts (NASDAQ:WYNN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. On average, equities research analysts predict that Wynn Resorts will post 5.42 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. Wynn Resorts’s dividend payout ratio is currently 13.70%.

Insider Buying and Selling at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now owns 5,689 shares of the company’s stock, valued at $447,894.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Wynn Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of WYNN. International Assets Investment Management LLC bought a new position in Wynn Resorts in the 2nd quarter worth $25,000. Register Financial Advisors LLC bought a new position in shares of Wynn Resorts in the first quarter worth about $37,000. Blue Trust Inc. grew its position in shares of Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after purchasing an additional 467 shares in the last quarter. Versant Capital Management Inc bought a new stake in Wynn Resorts during the 2nd quarter valued at approximately $51,000. Finally, Covestor Ltd lifted its holdings in Wynn Resorts by 421.7% in the 1st quarter. Covestor Ltd now owns 626 shares of the casino operator’s stock worth $64,000 after purchasing an additional 506 shares in the last quarter. 68.87% 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.

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