Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “neutral” rating reissued by stock analysts at Bank of America Corporation in a research report issued on Friday. They currently have a $140.00 target price on the casino operator’s stock, up from their previous target price of $135.00. Bank of America Corporation’s target price would suggest a potential upside of 6.06% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. UBS AG reiterated a “buy” rating on shares of Wynn Resorts, Limited in a report on Tuesday, April 11th. CLSA upgraded Wynn Resorts, Limited from an “underperform” rating to an “outperform” rating in a report on Thursday, April 20th. Stifel Nicolaus increased their target price on Wynn Resorts, Limited from $112.00 to $128.00 and gave the company a “hold” rating in a report on Friday, April 28th. Instinet increased their target price on Wynn Resorts, Limited from $103.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Finally, BidaskClub cut Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $125.04.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) traded up 1.39% on Friday, reaching $133.83. The company had a trading volume of 195,734 shares. The company’s 50-day moving average price is $133.90 and its 200 day moving average price is $114.76. The firm has a market capitalization of $13.62 billion, a P/E ratio of 50.87 and a beta of 1.73. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $139.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, April 25th. The casino operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.28. Wynn Resorts, Limited had a return on equity of 264.58% and a net margin of 5.41%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, analysts expect that Wynn Resorts, Limited will post $4.77 EPS for the current year.

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In other Wynn Resorts, Limited news, President Matt Maddox sold 60,000 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $124.25, for a total value of $7,455,000.00. Following the transaction, the president now owns 354,895 shares of the company’s stock, valued at $44,095,703.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patricia Mulroy sold 2,226 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total value of $285,106.08. Following the completion of the transaction, the director now directly owns 8,011 shares in the company, valued at approximately $1,026,048.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,309 shares of company stock worth $16,761,891. 13.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of WYNN. Dimensional Fund Advisors LP boosted its position in Wynn Resorts, Limited by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,152 shares of the casino operator’s stock valued at $15,587,000 after buying an additional 1,516 shares in the last quarter. Federated Investors Inc. PA boosted its position in Wynn Resorts, Limited by 179.3% in the fourth quarter. Federated Investors Inc. PA now owns 4,304 shares of the casino operator’s stock valued at $372,000 after buying an additional 2,763 shares in the last quarter. FMR LLC boosted its position in Wynn Resorts, Limited by 98.7% in the fourth quarter. FMR LLC now owns 372,804 shares of the casino operator’s stock valued at $32,251,000 after buying an additional 185,217 shares in the last quarter. AQR Capital Management LLC boosted its position in Wynn Resorts, Limited by 294.1% in the fourth quarter. AQR Capital Management LLC now owns 24,318 shares of the casino operator’s stock valued at $2,104,000 after buying an additional 18,148 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Wynn Resorts, Limited by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,760 shares of the casino operator’s stock valued at $239,000 after buying an additional 160 shares in the last quarter. 75.28% of the stock is currently owned by institutional investors.

About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) 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’s segments include Macau Operations and Las Vegas Operations.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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