Recent Research Analysts’ Ratings Updates for Wynn Resorts (WYNN)

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

  • 2/12/2018 – Wynn Resorts had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $181.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/10/2018 – Wynn Resorts was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Wynn Resorts posted solid fourth-quarter 2017 results with both top and bottom line surpassing the Zacks Consensus Estimate. Both the top and the bottom line improved year-over-driven by strength in Macau operations (Wynn Palace and Wynn Macau) operations. Macau revenues increased owing to higher casino as well as non-casino revenues. Revenues from Las Vegas operations, however, decreased due lower casino and non-casino revenues. Meanwhile, Wynn Resorts’ shares have outpaced its industry over the last year. Also, earnings estimates for 2018 have gone up in the past 60 days. However, high-debt burden along with increased competition remain potent headwinds for the company.”
  • 2/9/2018 – Wynn Resorts was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $193.00 price target on the stock.
  • 2/8/2018 – Wynn Resorts was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $196.00 price target on the stock, down previously from $211.00.
  • 2/8/2018 – Wynn Resorts was upgraded by analysts at UBS Group AG from a “neutral” rating to a “positive” rating.
  • 2/7/2018 – Wynn Resorts was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating. They now have a $211.00 price target on the stock, up previously from $175.00.
  • 2/7/2018 – Wynn Resorts had its “neutral” rating reaffirmed by analysts at Roth Capital. They now have a $170.00 price target on the stock.
  • 2/7/2018 – Wynn Resorts was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating.
  • 2/4/2018 – Wynn Resorts was upgraded by analysts at Goldman Sachs Group Inc from a “sell” rating to a “neutral” rating.
  • 2/1/2018 – Wynn Resorts had its “neutral” rating reaffirmed by analysts at Nomura. They now have a $175.00 price target on the stock, down previously from $195.00.
  • 1/31/2018 – Wynn Resorts had its price target lowered by analysts at Bank of America Corp from $200.00 to $190.00. They now have a “neutral” rating on the stock.
  • 1/30/2018 – Wynn Resorts had its price target lowered by analysts at Morgan Stanley from $210.00 to $193.00. They now have a “buy” rating on the stock.
  • 1/29/2018 – Wynn Resorts had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $199.00 price target on the stock.
  • 1/29/2018 – Wynn Resorts was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $174.00 price target on the stock.
  • 1/23/2018 – Wynn Resorts had its price target raised by analysts at Roth Capital from $167.00 to $210.00. They now have a “buy” rating on the stock.
  • 1/23/2018 – Wynn Resorts had its “buy” rating reaffirmed by analysts at Gabelli. They now have a $230.00 price target on the stock.
  • 1/23/2018 – Wynn Resorts had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $201.00 price target on the stock, up previously from $153.00.
  • 1/23/2018 – Wynn Resorts had its “positive” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $220.00 price target on the stock.
  • 1/23/2018 – Wynn Resorts was given a new $228.00 price target on by analysts at Citigroup Inc. They now have a “buy” rating on the stock.
  • 1/23/2018 – Wynn Resorts had its “hold” rating reaffirmed by analysts at Bank of America Corp. They now have a $200.00 price target on the stock.
  • 1/23/2018 – Wynn Resorts was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/18/2018 – Wynn Resorts is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $202.00 price target on the stock.
  • 12/27/2017 – Wynn Resorts was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $188.00 price target on the stock. According to Zacks, “Wynn Resorts shares have outpaced the industry so far this year. 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. 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.However, another corruption crackdown by the authorities may hamper performance.”
  • 12/26/2017 – Wynn Resorts was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Wynn Resorts shares have outpaced the industry so far this year. 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. 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.However, another corruption crackdown by the authorities may hamper performance.”
  • 12/14/2017 – Wynn Resorts had its price target raised by analysts at Barclays PLC to $180.00. They now have an “overweight” rating on the stock.

Wynn Resorts, Limited (NASDAQ WYNN) opened at $169.21 on Monday. Wynn Resorts, Limited has a 52 week low of $92.67 and a 52 week high of $203.63. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 24.54. The stock has a market capitalization of $17,080.00, a price-to-earnings ratio of 23.28 and a beta of 1.59.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. sell-side analysts expect that Wynn Resorts, Limited will post 7.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.18%. Wynn Resorts’s payout ratio is 27.51%.

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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