Roth Capital Boosts Wynn Resorts (WYNN) Price Target to $210.00

Wynn Resorts (NASDAQ:WYNN) had its price target upped by research analysts at Roth Capital from $167.00 to $210.00 in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the casino operator’s stock. Roth Capital’s target price suggests a potential upside of 7.72% from the company’s previous close.

A number of other research firms also recently weighed in on WYNN. Stifel Nicolaus increased their price target on shares of Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. TheStreet lowered shares of Wynn Resorts from a “b-” rating to a “c+” rating in a research report on Friday, October 13th. Barclays increased their price objective on shares of Wynn Resorts to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Jefferies Group assumed coverage on shares of Wynn Resorts in a research report on Thursday, January 18th. They issued a “buy” rating and a $202.00 price objective for the company. Finally, Telsey Advisory Group increased their price objective on shares of Wynn Resorts from $157.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Ten equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $172.15.

Wynn Resorts (NASDAQ:WYNN) traded down $0.28 during trading hours on Tuesday, reaching $194.95. 4,261,654 shares of the company’s stock were exchanged, compared to its average volume of 1,970,000. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. The stock has a market capitalization of $20,040.00, a P/E ratio of 26.82 and a beta of 1.73. Wynn Resorts has a 12 month low of $90.89 and a 12 month high of $201.69.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Wednesday, January 24th. The casino operator reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. Wynn Resorts’s revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. research analysts anticipate that Wynn Resorts will post 5.38 earnings per share for the current year.

In related news, EVP Kimmarie Sinatra sold 20,795 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the completion of the sale, the executive vice president now directly owns 226,992 shares of the company’s stock, valued at approximately $34,509,593.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Matt Maddox sold 59,260 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,055 shares of company stock valued at $14,629,975. Company insiders own 13.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Personal Financial Services grew its holdings in Wynn Resorts by 102.9% during the 3rd quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock worth $106,000 after acquiring an additional 360 shares in the last quarter. J. Goldman & Company acquired a new position in Wynn Resorts during the 3rd quarter worth $38,000. Northwestern Mutual Wealth Management Co. grew its holdings in Wynn Resorts by 83.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock worth $117,000 after acquiring an additional 462 shares in the last quarter. IFP Advisors Inc grew its holdings in Wynn Resorts by 44.1% during the 1st quarter. IFP Advisors Inc now owns 1,069 shares of the casino operator’s stock worth $100,000 after acquiring an additional 327 shares in the last quarter. Finally, FNY Partners Fund LP grew its holdings in Wynn Resorts by 5,400.0% during the 1st quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after acquiring an additional 1,080 shares in the last quarter. 71.99% of the stock is owned by institutional investors and hedge funds.

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About Wynn Resorts

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.

Analyst Recommendations for Wynn Resorts (NASDAQ:WYNN)