Wynn Resorts (NASDAQ:WYNN) Earns Outperform Rating from Macquarie

Wynn Resorts (NASDAQ:WYNN)‘s stock had its “outperform” rating reaffirmed by investment analysts at Macquarie in a note issued to investors on Monday,Benzinga reports. They currently have a $143.00 price objective on the casino operator’s stock. Macquarie’s price objective would suggest a potential upside of 15.12% from the company’s previous close.

WYNN has been the topic of a number of other reports. Barclays upped their price target on Wynn Resorts from $127.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Zacks Research lowered Wynn Resorts from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Mizuho lifted their target price on Wynn Resorts from $126.00 to $131.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Jefferies Financial Group increased their price target on shares of Wynn Resorts from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Argus raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.15.

Wynn Resorts Price Performance

Shares of WYNN opened at $124.22 on Monday. Wynn Resorts has a 1-year low of $65.25 and a 1-year high of $134.72. The stock has a market cap of $12.92 billion, a PE ratio of 27.79, a P/E/G ratio of 8.72 and a beta of 1.10. The firm has a 50-day simple moving average of $123.55 and a two-hundred day simple moving average of $113.40.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, November 6th. The casino operator reported $0.86 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.23). The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.76 billion. Wynn Resorts had a negative return on equity of 54.88% and a net margin of 7.09%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. As a group, sell-side analysts expect that Wynn Resorts will post 5.17 earnings per share for the current fiscal year.

Institutional Trading of Wynn Resorts

A number of institutional investors have recently bought and sold shares of WYNN. Root Financial Partners LLC acquired a new position in shares of Wynn Resorts during the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Wynn Resorts during the 3rd quarter worth about $31,000. Atlantic Edge Private Wealth Management LLC lifted its stake in Wynn Resorts by 400.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 250 shares of the casino operator’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Wynn Resorts in the second quarter valued at approximately $25,000. Finally, AlphaQuest LLC purchased a new position in Wynn Resorts in the first quarter valued at approximately $25,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.