Wynn Resorts (NASDAQ:WYNN) had its price objective cut by investment analysts at Deutsche Bank from $221.00 to $215.00 in a research report issued on Wednesday. The firm presently has a “buy” rating on the casino operator’s stock. Deutsche Bank’s price target suggests a potential upside of 15.32% from the company’s current price.
WYNN has been the subject of several other reports. Goldman Sachs Group upgraded Wynn Resorts from a “sell” rating to a “neutral” rating in a report on Sunday, February 4th. Zacks Investment Research upgraded Wynn Resorts from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a report on Tuesday, March 6th. Jefferies Group started coverage on Wynn Resorts in a report on Thursday, January 18th. They issued a “buy” rating and a $202.00 price target for the company. Citigroup set a $228.00 price objective on shares of Wynn Resorts and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, Bank of America decreased their price objective on shares of Wynn Resorts from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $185.74.
Shares of Wynn Resorts (NASDAQ WYNN) traded up $1.03 during midday trading on Wednesday, reaching $186.44. The company had a trading volume of 445,400 shares, compared to its average volume of 4,757,001. Wynn Resorts has a 52-week low of $103.13 and a 52-week high of $203.63. The firm has a market cap of $19,757.80, a P/E ratio of 25.65 and a beta of 1.51. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 8.87.
Several hedge funds have recently modified their holdings of WYNN. BlackRock Inc. boosted its holdings in Wynn Resorts by 5,076.4% during the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after buying an additional 4,850,373 shares in the last quarter. Northern Cross LLC boosted its stake in Wynn Resorts by 51.1% in the 4th quarter. Northern Cross LLC now owns 13,989,382 shares of the casino operator’s stock worth $967,925,000 after purchasing an additional 4,732,996 shares during the period. Viking Global Investors LP acquired a new position in Wynn Resorts in the 4th quarter worth approximately $122,719,000. Platinum Investment Management Ltd. acquired a new position in Wynn Resorts in the 4th quarter worth approximately $84,501,000. Finally, Norges Bank acquired a new position in Wynn Resorts in the 4th quarter worth approximately $65,886,000. 70.37% of the stock is currently owned by institutional investors and hedge funds.
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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.
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