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

Wynn Resorts, Limited (NASDAQ:WYNN) has earned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $140.00.

Several analysts have commented on WYNN shares. JPMorgan Chase & Co. dropped their target price on shares of Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Mizuho dropped their target price on shares of Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $137.00 target price on shares of Wynn Resorts in a report on Friday, May 8th. Susquehanna dropped their target price on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, April 16th. Finally, Citigroup dropped their target price on shares of Wynn Resorts from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, May 8th.

Institutional Trading of Wynn Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Advisors Ltd. LLC raised its holdings in shares of Wynn Resorts by 433,217.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 73,664 shares of the casino operator’s stock valued at $8,864,000 after purchasing an additional 73,647 shares during the last quarter. Westend Capital Management LLC acquired a new stake in shares of Wynn Resorts in the fourth quarter valued at approximately $12,084,000. SG Americas Securities LLC raised its holdings in shares of Wynn Resorts by 224.1% in the fourth quarter. SG Americas Securities LLC now owns 82,859 shares of the casino operator’s stock valued at $9,970,000 after purchasing an additional 57,293 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Wynn Resorts by 97.5% in the fourth quarter. Pacer Advisors Inc. now owns 22,415 shares of the casino operator’s stock valued at $2,697,000 after purchasing an additional 11,067 shares during the last quarter. Finally, Cibc World Market Inc. raised its holdings in shares of Wynn Resorts by 125.7% in the third quarter. Cibc World Market Inc. now owns 47,923 shares of the casino operator’s stock valued at $6,147,000 after purchasing an additional 26,692 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Stock Performance

Shares of WYNN stock opened at $107.27 on Monday. The company has a market capitalization of $11.13 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 1.00 and a beta of 0.98. The company’s 50 day moving average price is $103.14 and its two-hundred day moving average price is $110.48. Wynn Resorts has a 52 week low of $83.45 and a 52 week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. Analysts forecast that Wynn Resorts will post 4.61 earnings per share for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, May 18th. Wynn Resorts’s dividend payout ratio (DPR) is 29.85%.

Wynn Resorts Company Profile

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.