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 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.
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.
