Wynn Resorts (WYNN) Rating Reiterated by Jefferies Group

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.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, January 22nd. The casino operator reported $1.40 EPS for the quarter, topping 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 business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. equities research analysts predict that Wynn Resorts will post 7.62 earnings per share for the current year.

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.

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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.

The Fly

Analyst Recommendations for Wynn Resorts (NASDAQ:WYNN)

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