Wynn Resorts, Limited (NASDAQ:WYNN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $139.3846.

Several research firms have commented on WYNN. UBS Group raised shares of Wynn Resorts from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $101.00 to $147.00 in a research report on Thursday, August 28th. Stifel Nicolaus upped their price objective on shares of Wynn Resorts from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Argus upgraded Wynn Resorts from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Wednesday, September 3rd. Barclays boosted their price target on Wynn Resorts from $127.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Zacks Research lowered Wynn Resorts from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th.

Institutional Trading of Wynn Resorts

A number of institutional investors and hedge funds have recently modified their holdings of WYNN. Westside Investment Management Inc. grew its stake in Wynn Resorts by 40.2% in the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the casino operator’s stock valued at $44,000 after buying an additional 97 shares during the last quarter. Private Wealth Partners LLC lifted its position in Wynn Resorts by 3.1% during the 2nd quarter. Private Wealth Partners LLC now owns 3,360 shares of the casino operator’s stock worth $315,000 after acquiring an additional 100 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Wynn Resorts by 21.6% during the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock valued at $72,000 after acquiring an additional 100 shares during the period. UMB Bank n.a. grew its position in shares of Wynn Resorts by 41.5% in the third quarter. UMB Bank n.a. now owns 385 shares of the casino operator’s stock valued at $49,000 after purchasing an additional 113 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Wynn Resorts by 1.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 12,356 shares of the casino operator’s stock worth $1,167,000 after purchasing an additional 127 shares during the period. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Price Performance

WYNN opened at $127.94 on Monday. The company has a market capitalization of $13.30 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 8.78 and a beta of 1.10. Wynn Resorts has a fifty-two week low of $65.25 and a fifty-two week high of $134.72. The business has a 50-day moving average of $123.60 and a 200-day moving average of $115.42.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, November 6th. The casino operator reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.23). The firm 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 company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS. On average, equities research analysts expect that Wynn Resorts will post 5.17 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, November 17th. Wynn Resorts’s dividend payout ratio (DPR) is 22.37%.

About Wynn Resorts

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.