Wynn Resorts, Limited (NASDAQ:WYNN) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday. The firm currently has a $146.26 price objective on the casino operator’s stock. Vetr‘s target price points to a potential upside of 14.25% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Union Gaming Research raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research raised Wynn Resorts, Limited from a “hold” rating to a “strong-buy” rating and set a $144.00 price target for the company in a report on Friday, April 28th. Aegis reissued a “buy” rating and issued a $132.00 price target (up from $121.00) on shares of Wynn Resorts, Limited in a report on Saturday, April 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, May 24th. Finally, Barclays PLC raised Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $87.00 to $144.00 in a report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $125.62.

Wynn Resorts, Limited (WYNN) traded down 3.02% during trading on Thursday, hitting $128.02. 4,513,355 shares of the company were exchanged. The stock has a market capitalization of $13.03 billion, a PE ratio of 48.66 and a beta of 1.73. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $139.67. The firm’s 50 day moving average price is $134.05 and its 200-day moving average price is $116.17.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 205.76% and a net margin of 5.02%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $1.07 earnings per share. Wynn Resorts, Limited’s quarterly revenue was up 44.5% compared to the same quarter last year. Equities analysts predict that Wynn Resorts, Limited will post $4.79 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Wynn Resorts, Limited (NASDAQ:WYNN) Stock Rating Upgraded by Vetr Inc.” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/27/wynn-resorts-limited-nasdaqwynn-stock-rating-upgraded-by-vetr-inc.html.

In other news, Director Patricia Mulroy sold 2,226 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $128.08, for a total value of $285,106.08. Following the completion of the sale, the director now owns 8,011 shares of the company’s stock, valued at $1,026,048.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John J. Hagenbuch sold 1,150 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $128.40, for a total value of $147,660.00. Following the completion of the sale, the director now directly owns 11,662 shares of the company’s stock, valued at approximately $1,497,400.80. The disclosure for this sale can be found here. Insiders sold 70,309 shares of company stock valued at $9,306,891 in the last ninety days. Company insiders own 13.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Wynn Resorts, Limited by 3.4% in the first quarter. Vanguard Group Inc. now owns 8,018,334 shares of the casino operator’s stock worth $918,982,000 after buying an additional 263,601 shares in the last quarter. BlackRock Inc. increased its position in shares of Wynn Resorts, Limited by 5,076.4% in the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after buying an additional 4,850,373 shares in the last quarter. State Street Corp increased its position in shares of Wynn Resorts, Limited by 0.8% in the first quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock worth $379,153,000 after buying an additional 26,867 shares in the last quarter. OZ Management LP increased its position in shares of Wynn Resorts, Limited by 24.8% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock worth $244,350,000 after buying an additional 423,658 shares in the last quarter. Finally, Platinum Investment Management Ltd. increased its position in shares of Wynn Resorts, Limited by 0.7% in the first quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock worth $197,625,000 after buying an additional 11,600 shares in the last quarter. 75.31% of the stock is owned by hedge funds and other 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.

To view Vetr’s full report, visit Vetr’s official website.

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

Receive News & Ratings for Wynn Resorts Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts Limited and related companies with MarketBeat.com's FREE daily email newsletter.