Analysts Update Coverage on Wynn Resorts Ltd.

WYNN Stock

Wynn Resorts Limited (WYNN:NSD) has received a “Buy” consensus rating from sixteen research firms, according to Stock Target Advisor. The average price target among firms that updated their coverage of the WYNN stock within the last year is $99.83.

 

WYNN Stock-Analyst Ratings:

Several brokerages have recently released their views on WYNN. On March 13th, Jefferies Financial Group raised their price target on the WYNN stock from $130.00 to $135.00.

Barclays also increased their price target on February 9th from $97.00 to $115.00 and rated the stock as “equal weight”.

Morgan Stanley raised its price target from $83.00 to $95.00 on February 1st and also rated the WYNN stock as “equal weight”.

Credit Suisse Group increased its price target from $117.00 to $138.00 and rated the stock as “Outperform” on February 9th.

WYNN Ratings by Stock Target Advisor

WYNN Stock Price Analysis:

WYNN opened at $106.34 on the NASDAQ on March 28th. It has a fifty-day moving average price of $106.16 and a two-hundred-day moving average price of $85.44.

The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of -28.66, and a beta of 2.01. Its fifty-two week low is $50.20, while its fifty-two week high is $116.50.

WYNN Ratings by Stock Target Advisor

Quarterly Earnings Review:

Wynn Resorts reported earnings results on February 8th. The casino operator had revenue of $1 billion for the quarter, compared to analysts’ expectations of $955.88 million.

However, the company missed the consensus earnings per share estimate of ($1.17), reporting ($1.23) per share. The company’s revenue was down 4.6% from the previous year. Analysts expect WYNN to post earnings of $0.87 per share for the current year.

 

Insider Transactions:

WYNN insiders have been selling company shares recently. CEO Craig Scott Billings sold 10,310 shares on January 26th for $1,055,228.50, while EVP Ellen F. Whittemore sold 10,383 shares on February 10th for $1,136,730.84. Insiders sold a total of 35,594 shares valued at $3,749,917 in the last three months. Insiders currently own 0.62% of the WYNN stock.

 

Hedge Funds & Institutional Holdings:

Large investors have also made changes to their WYNN positions. UMB Bank n.a. increased its stake in the company by 200.0% in the fourth quarter, while Dupont Capital Management Corp acquired a new position in the company during the same period.

Penserra Capital Management LLC raised its stake by 62.6% in the third quarter. Finally, Mach 1 Financial Group LLC acquired a new position in the second quarter. Currently, 70.95% of WYNN stock is owned by institutional investors and hedge funds.

 

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. Wynn Resorts, Limited was founded in 2002 and is based in Las Vegas, Nevada.

Top Trending Stocks

AVG Analyst Rating STA Analysis
StockTargetAdvisor
Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Neutral
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Neutral
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Neutral
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Buy
StockTargetAdvisor
Slightly Bullish
Ad
Ad

Leave a Reply

Your email address will not be published. Required fields are marked *