Wynn Resorts (NASDAQ:WYNN)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Monday, The Fly reports. They presently have a $181.00 price target on the casino operator’s stock. Jefferies Group’s price objective indicates a potential upside of 11.10% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other research firms also recently commented on WYNN. Stifel Nicolaus boosted their target price on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley dropped their target price on Wynn Resorts from $210.00 to $193.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Barclays boosted their target price on Wynn Resorts to $180.00 and gave the stock an “overweight” rating in a report on Thursday, December 14th. Finally, Roth Capital reissued a “neutral” rating and issued a $170.00 target price on shares of Wynn Resorts in a report on Wednesday, February 7th. Eleven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $177.57.
Shares of Wynn Resorts (NASDAQ WYNN) traded down $3.30 during mid-day trading on Monday, reaching $162.92. The company had a trading volume of 3,426,629 shares, compared to its average volume of 5,830,000. 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 has a 12 month low of $92.67 and a 12 month high of $203.63. The stock has a market capitalization of $16,750.00, a PE ratio of 22.41 and a beta of 1.59.
Institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank increased its position in Wynn Resorts by 26.0% during the second quarter. Toronto Dominion Bank now owns 27,068 shares of the casino operator’s stock valued at $3,629,000 after acquiring an additional 5,593 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Wynn Resorts by 28.6% in the second quarter. Public Employees Retirement System of Ohio now owns 46,525 shares of the casino operator’s stock worth $6,240,000 after buying an additional 10,335 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Wynn Resorts in the second quarter worth about $528,000. Oakbrook Investments LLC increased its position in Wynn Resorts by 78.3% in the fourth quarter. Oakbrook Investments LLC now owns 6,845 shares of the casino operator’s stock worth $1,154,000 after buying an additional 3,005 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in Wynn Resorts by 84.3% in the third quarter. Cubist Systematic Strategies LLC now owns 28,371 shares of the casino operator’s stock worth $4,225,000 after buying an additional 12,981 shares in the last quarter. Institutional investors own 72.10% of the company’s stock.
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.
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