Wynn Resorts (WYNN) Raised to Positive at Susquehanna Bancshares

Wynn Resorts (NASDAQ:WYNN) was upgraded by stock analysts at Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a $196.00 price target on the casino operator’s stock, down from their previous price target of $211.00. Susquehanna Bancshares’ price target would indicate a potential upside of 15.78% from the stock’s previous close.

A number of other analysts also recently issued reports on WYNN. Stifel Nicolaus reaffirmed a “hold” rating and issued a $134.00 target price on shares of Wynn Resorts in a research report on Thursday, October 12th. Morgan Stanley reaffirmed a “hold” rating and issued a $151.00 target price (down previously from $158.00) on shares of Wynn Resorts in a research report on Thursday, October 12th. Citigroup lifted their target price on Wynn Resorts to $161.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Deutsche Bank set a $161.00 target price on Wynn Resorts and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, TheStreet downgraded Wynn Resorts from a “b-” rating to a “c+” rating in a research report on Friday, October 13th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $179.62.

Wynn Resorts (NASDAQ WYNN) traded down $8.04 during trading hours on Thursday, hitting $169.28. The company had a trading volume of 5,311,787 shares, compared to its average volume of 6,184,886. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. The firm has a market capitalization of $17,400.00, a P/E ratio of 23.28 and a beta of 1.59. Wynn Resorts has a twelve month low of $92.67 and a twelve month high of $203.63.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. Wynn Resorts’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. research analysts anticipate that Wynn Resorts will post 7.62 EPS for the current year.

In other news, President Matt Maddox sold 59,260 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 13.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. First Personal Financial Services grew its position in shares of 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 purchasing an additional 360 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $171,000. Calton & Associates Inc. acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $178,000. IBM Retirement Fund acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $201,000. Finally, Segment Wealth Management LLC acquired a new position in shares of Wynn Resorts in the fourth quarter valued at approximately $217,000. 72.27% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Wynn Resorts (NASDAQ:WYNN)

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