Wynn Resorts, Limited (NASDAQ: WYNN) recently received a number of ratings updates from brokerages and research firms:

  • 10/27/2017 – Wynn Resorts, Limited had its price target raised by analysts at Telsey Advisory Group from $157.00 to $160.00. They now have a “market perform” rating on the stock.
  • 10/27/2017 – Wynn Resorts, Limited had its price target raised by analysts at Stifel Nicolaus from $134.00 to $153.00. They now have a “hold” rating on the stock.
  • 10/27/2017 – Wynn Resorts, Limited had its price target raised by analysts at Barclays PLC from $148.00 to $155.00. They now have an “overweight” rating on the stock.
  • 10/26/2017 – Wynn Resorts, Limited is now covered by analysts at Roth Capital. They set a “buy” rating and a $163.00 price target on the stock.
  • 10/16/2017 – Wynn Resorts, Limited was given a new $161.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 10/16/2017 – Wynn Resorts, Limited had its price target raised by analysts at Citigroup Inc. to $161.00. They now have a “buy” rating on the stock.
  • 10/13/2017 – Wynn Resorts, Limited was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 10/13/2017 – Wynn Resorts, Limited had its price target raised by analysts at Morgan Stanley from $151.00 to $158.00. They now have an “overweight” rating on the stock.
  • 10/12/2017 – Wynn Resorts, Limited had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $151.00 price target on the stock, down previously from $158.00.
  • 10/12/2017 – Wynn Resorts, Limited had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $134.00 price target on the stock.
  • 10/2/2017 – Wynn Resorts, Limited had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $157.00 price target on the stock, up previously from $150.00.
  • 9/29/2017 – Wynn Resorts, Limited had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $174.00 price target on the stock, up previously from $149.00.
  • 9/26/2017 – Wynn Resorts, Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $162.00 price target on the stock. According to Zacks, “Wynn Resorts shares have outpaced the industry in the last six months. The company’s strong brand recognition and improved non-gaming revenues bode well. Further, its properties in Las Vegas should continue to cash in on the favorable trends of improving employment rate and positive tourism numbers in the region. Revival of gaming revenues in Macau is also a huge positive for the company. However, it will take some time for the region to return to its former glory concerns related to the sustainability of revenues from the VIP market linger. Moreover, another corruption crackdown by the authoroties may hamper performance. Meanwhile, though foot traffic has been low at Wynn palace of late due to continual construction around it, the resort is poised to witness increased visits from tourists and leisure gamblers over the long term.”

Shares of Wynn Resorts, Limited (WYNN) opened at $151.62 on Thursday. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. The company has a market cap of $15,955.96, a P/E ratio of 34.96 and a beta of 1.72. Wynn Resorts, Limited has a 1 year low of $85.57 and a 1 year high of $156.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. The company’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. sell-side analysts predict that Wynn Resorts, Limited will post 5.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, November 15th. Wynn Resorts, Limited’s dividend payout ratio is 55.25%.

In other news, President Matt Maddox sold 59,260 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $155.12, for a total value of $9,192,411.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kimmarie Sinatra sold 21,451 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the sale, the executive vice president now owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The disclosure for this sale can be found here. Insiders sold 159,406 shares of company stock valued at $23,864,344 over the last three months. Insiders own 13.20% of the company’s stock.

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.

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