Wynn Resorts Ltd. (WYNN) Given New $100.00 Price Target at Deutsche Bank AG
Wynn Resorts Ltd. (NASDAQ:WYNN) had its price objective cut by equities research analysts at Deutsche Bank AG from $101.00 to $100.00 in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the casino operator’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 2.35% from the stock’s current price.
A number of other equities research analysts also recently commented on the stock. Goldman Sachs Group Inc. restated a “buy” rating on shares of Wynn Resorts in a research report on Wednesday, October 5th. Vetr downgraded shares of Wynn Resorts from a “strong-buy” rating to a “buy” rating and set a $100.18 price target for the company. in a research report on Wednesday, July 6th. Credit Agricole SA reiterated an “underperform” rating and set a $97.00 price target on shares of Wynn Resorts in a research report on Wednesday, August 24th. Wells Fargo & Co. reiterated a “neutral” rating on shares of Wynn Resorts in a research report on Monday. Finally, Zacks Investment Research upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Wynn Resorts presently has an average rating of “Buy” and a consensus target price of $101.85.
Shares of Wynn Resorts (NASDAQ:WYNN) traded down 0.76% on Wednesday, reaching $96.96. The company had a trading volume of 1,572,881 shares. The firm has a 50-day moving average price of $98.22 and a 200 day moving average price of $96.34. Wynn Resorts has a 1-year low of $49.95 and a 1-year high of $109.50. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 30.00 and a beta of 1.85.
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Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, July 28th. The casino operator reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.16. The firm earned $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Wynn Resorts had a net margin of 7.67% and a return on equity of 3,746.24%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 earnings per share. Equities research analysts predict that Wynn Resorts will post $3.77 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in shares of Wynn Resorts by 44.1% in the first quarter. IFP Advisors Inc now owns 1,069 shares of the casino operator’s stock worth $100,000 after buying an additional 327 shares in the last quarter. TLP Group LLC purchased a new position in shares of Wynn Resorts during the second quarter worth approximately $114,000. Mizuho Asset Management Co. Ltd. raised its position in shares of Wynn Resorts by 176.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,266 shares of the casino operator’s stock worth $115,000 after buying an additional 808 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Wynn Resorts by 171.8% in the third quarter. Advisory Services Network LLC now owns 1,582 shares of the casino operator’s stock worth $154,000 after buying an additional 1,000 shares in the last quarter. Finally, Krilogy Financial LLC raised its position in shares of Wynn Resorts by 57.8% in the second quarter. Krilogy Financial LLC now owns 1,775 shares of the casino operator’s stock worth $161,000 after buying an additional 650 shares in the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.
About Wynn Resorts
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company operates through two segments: Macau Operations and Las Vegas Operations.
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