Wynn Resorts, Limited (NASDAQ:WYNN) had its target price lifted by investment analysts at Morgan Stanley from $151.00 to $158.00 in a research report issued on Friday. The firm presently has an “overweight” rating on the casino operator’s stock. Morgan Stanley’s price target indicates a potential upside of 12.26% from the stock’s previous close.

WYNN has been the topic of several other research reports. Stifel Nicolaus reissued a “hold” rating and issued a $134.00 price target (up previously from $128.00) on shares of Wynn Resorts, Limited in a research note on Wednesday, July 26th. Instinet reissued a “neutral” rating and issued a $137.00 price target (up previously from $130.00) on shares of Wynn Resorts, Limited in a research note on Monday, June 19th. BidaskClub downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Bank of America Corporation reissued a “neutral” rating and issued a $140.00 price target (up previously from $135.00) on shares of Wynn Resorts, Limited in a research note on Friday, July 21st. Finally, UBS AG downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $134.69.

Wynn Resorts, Limited (NASDAQ:WYNN) traded up 0.345% on Friday, reaching $141.245. The company had a trading volume of 269,730 shares. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 52.861 and a beta of 1.67. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $150.40. The firm has a 50 day moving average price of $143.15 and a 200-day moving average price of $131.39.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the business posted $1.07 EPS. The company’s revenue for the quarter was up 44.5% on a year-over-year basis. Analysts forecast that Wynn Resorts, Limited will post $5.07 earnings per share for the current fiscal year.

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In other news, President Matt Maddox sold 42,900 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the sale, the president now owns 350,586 shares in the company, valued at $50,288,055.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the sale, the director now owns 7,711 shares of the company’s stock, valued at approximately $994,719. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,351 shares of company stock valued at $9,621,369. Corporate insiders own 13.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Sunbelt Securities Inc. boosted its holdings in shares of Wynn Resorts, Limited by 0.4% during the second quarter. Sunbelt Securities Inc. now owns 2,050 shares of the casino operator’s stock worth $275,000 after acquiring an additional 8 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Wynn Resorts, Limited by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock worth $796,000 after acquiring an additional 35 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Wynn Resorts, Limited by 0.6% during the second quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock worth $854,000 after acquiring an additional 39 shares during the period. Cookson Peirce & Co. Inc. boosted its holdings in shares of Wynn Resorts, Limited by 1.3% during the second quarter. Cookson Peirce & Co. Inc. now owns 3,230 shares of the casino operator’s stock worth $433,000 after acquiring an additional 40 shares during the period. Finally, Global X Management Co. LLC boosted its holdings in shares of Wynn Resorts, Limited by 2.1% during the second quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock worth $285,000 after acquiring an additional 43 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wynn Resorts, Limited Company Profile

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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