Wynn Resorts, Limited (NASDAQ:WYNN) has received an average rating of “Buy” from the twenty-four ratings firms that are covering the stock, MarketBeat Ratings reports. 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 on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $155.70.

Several equities research analysts recently issued reports on WYNN shares. TheStreet raised Wynn Resorts from a “c+” rating to a “b-” rating in a research report on Tuesday, December 12th. UBS Group reissued a “buy” rating and set a $174.00 price target (up from $149.00) on shares of Wynn Resorts in a research report on Friday, September 29th. Zacks Investment Research upgraded Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research note on Tuesday, September 26th. Roth Capital started coverage on Wynn Resorts in a research note on Thursday, October 26th. They set a “buy” rating and a $163.00 price objective for the company. Finally, Deutsche Bank set a $161.00 price objective on Wynn Resorts and gave the stock a “buy” rating in a research note on Monday, October 16th.

In other news, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total value of $2,276,100.00. Following the completion of the transaction, the director now owns 19,162 shares of the company’s stock, valued at $2,907,641.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Matt Maddox sold 59,260 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $155.12, for a total value of $9,192,411.20. The disclosure for this sale can be found here. In the last three months, insiders sold 95,055 shares of company stock valued at $14,629,975. Company insiders own 13.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WYNN. SG Americas Securities LLC grew its stake in shares of Wynn Resorts by 111.0% in the second quarter. SG Americas Securities LLC now owns 1,656 shares of the casino operator’s stock worth $222,000 after purchasing an additional 16,694 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Wynn Resorts by 8.9% in the second quarter. Principal Financial Group Inc. now owns 128,640 shares of the casino operator’s stock worth $17,253,000 after purchasing an additional 10,494 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Wynn Resorts by 0.6% in 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 purchasing an additional 35 shares in the last quarter. Aberdeen Asset Management PLC UK grew its stake in shares of Wynn Resorts by 25.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 27,380 shares of the casino operator’s stock worth $3,672,000 after purchasing an additional 5,475 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Wynn Resorts by 307.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,146 shares of the casino operator’s stock worth $556,000 after purchasing an additional 3,129 shares in the last quarter. 71.95% of the stock is owned by institutional investors.

Shares of Wynn Resorts (WYNN) opened at $165.54 on Friday. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. The stock has a market capitalization of $17,010.00, a P/E ratio of 45.86 and a beta of 1.73. Wynn Resorts has a 52-week low of $89.60 and a 52-week high of $171.06.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. The business’s revenue was up 45.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. research analysts predict that Wynn Resorts will post 5.36 earnings per share for the current year.

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Wynn Resorts 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 (NASDAQ:WYNN)

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