Wynn Resorts (WYNN) Stock Rating Upgraded by Nomura

Wynn Resorts (NASDAQ:WYNN) was upgraded by Nomura from a “neutral” rating to a “buy” rating in a research report issued on Wednesday.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. upgraded Wynn Resorts from a “neutral” rating to an “overweight” rating in a report on Wednesday. Roth Capital reiterated a “neutral” rating and set a $170.00 price target on shares of Wynn Resorts in a report on Wednesday. Barclays upped their price target on Wynn Resorts from $148.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Citigroup upped their price target on Wynn Resorts to $161.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $134.00 price target on shares of Wynn Resorts in a report on Thursday, October 12th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Wynn Resorts has an average rating of “Buy” and a consensus target price of $176.71.

Shares of Wynn Resorts (NASDAQ:WYNN) traded up $15.06 during mid-day trading on Wednesday, hitting $178.28. The stock had a trading volume of 8,208,147 shares, compared to its average volume of 5,865,196. Wynn Resorts has a one year low of $92.67 and a one year high of $203.63. The firm has a market capitalization of $16,780.00, a price-to-earnings ratio of 24.68 and a beta of 1.59. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. equities analysts expect that Wynn Resorts will post 7.62 EPS for the current fiscal year.

In other Wynn Resorts news, President Matt Maddox sold 59,260 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 13.20% of the company’s stock.

Large investors have recently made changes to their positions in the business. First Personal Financial Services grew its position in Wynn Resorts 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 acquiring an additional 360 shares during the period. Calton & Associates Inc. bought a new stake in shares of Wynn Resorts during the fourth quarter worth $178,000. Segment Wealth Management LLC bought a new stake in shares of Wynn Resorts during the fourth quarter worth $217,000. Moors & Cabot Inc. bought a new stake in shares of Wynn Resorts during the third quarter worth $222,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Wynn Resorts during the third quarter worth $234,000. Hedge funds and other institutional investors own 72.27% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Wynn Resorts (WYNN) Stock Rating Upgraded by Nomura” was originally reported by American Market News and is the sole property of of American Market News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/07/wynn-resorts-wynn-stock-rating-upgraded-by-nomura.html.

About Wynn Resorts

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.