Wynn Resorts, Limited’s (WYNN) Buy Rating Reaffirmed at Deutsche Bank AG
Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a report released on Tuesday. They presently have a $167.00 price target on the casino operator’s stock. Deutsche Bank AG’s target price points to a potential upside of 6.40% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. UBS AG reaffirmed a “buy” rating and issued a $174.00 price objective (up from $149.00) on shares of Wynn Resorts, Limited in a research note on Friday, September 29th. Zacks Investment Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 price objective on the stock in a research note on Tuesday, September 26th. Citigroup Inc. upped their price objective on shares of Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Roth Capital started coverage on shares of Wynn Resorts, Limited in a research note on Thursday, October 26th. They issued a “buy” rating and a $163.00 price objective on the stock. Finally, TheStreet lowered shares of Wynn Resorts, Limited from a “b-” rating to a “c+” rating in a research note on Friday, October 13th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Wynn Resorts, Limited presently has an average rating of “Buy” and an average price target of $148.49.
Wynn Resorts, Limited (NASDAQ WYNN) traded up $4.68 during trading hours on Tuesday, hitting $156.96. 1,771,400 shares of the stock were exchanged, compared to its average volume of 2,079,316. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. Wynn Resorts, Limited has a 12 month low of $85.57 and a 12 month high of $157.81. The company has a market cap of $16,130.00, a price-to-earnings ratio of 34.30 and a beta of 1.72.
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In other news, President Matt Maddox sold 42,900 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the transaction, 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 have sold 159,406 shares of company stock valued at $23,864,344 in the last quarter. Company insiders own 13.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in WYNN. J. Goldman & Company bought a new position in shares of Wynn Resorts, Limited in the third quarter valued at approximately $38,000. IFP Advisors Inc boosted its position in shares of Wynn Resorts, Limited by 44.1% in the first quarter. IFP Advisors Inc now owns 1,069 shares of the casino operator’s stock valued at $100,000 after acquiring an additional 327 shares during the period. First Personal Financial Services raised its stake in Wynn Resorts, Limited by 102.9% in the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 360 shares in the last quarter. TLP Group LLC purchased a new stake in Wynn Resorts, Limited in the second quarter valued at approximately $114,000. Finally, Mizuho Asset Management Co. Ltd. raised its stake in Wynn Resorts, Limited by 176.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,266 shares of the casino operator’s stock valued at $115,000 after purchasing an additional 808 shares in the last quarter. Institutional investors own 71.45% of the company’s stock.
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.
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