Wynn Resorts Ltd. (NASDAQ:WYNN) had its target price reduced by Deutsche Bank AG from $101.00 to $100.00 in a report published on Wednesday. Deutsche Bank AG currently has a hold rating on the casino operator’s stock.

Several other research firms also recently issued reports on WYNN. Nomura downgraded shares of Wynn Resorts from a neutral rating to a reduce rating and boosted their price objective for the stock from $78.00 to $83.00 in a research note on Friday, July 29th. Vetr upgraded shares of Wynn Resorts from a buy rating to a strong-buy rating and set a $112.54 price objective for the company in a research note on Wednesday, August 10th. Morgan Stanley reiterated an overweight rating on shares of Wynn Resorts in a research note on Wednesday, June 29th. Credit Agricole SA set a $97.00 price objective on shares of Wynn Resorts and gave the stock a sell rating in a research note on Monday, September 19th. Finally, JPMorgan Chase & Co. downgraded shares of Wynn Resorts from an overweight rating to a neutral rating and decreased their price objective for the stock from $101.00 to $94.00 in a research note on Thursday, July 14th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $101.85.

Shares of Wynn Resorts (NASDAQ:WYNN) traded down 3.51% during midday trading on Wednesday, reaching $93.05. 702,360 shares of the company traded hands. The firm has a market capitalization of $9.44 billion, a P/E ratio of 28.79 and a beta of 1.85. The company has a 50 day moving average of $98.22 and a 200 day moving average of $96.34. Wynn Resorts has a 12 month low of $49.95 and a 12 month high of $109.50.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, July 28th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. Wynn Resorts had a net margin of 7.67% and a return on equity of 3,746.24%. The company earned $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. Wynn Resorts’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts predict that Wynn Resorts will post $3.77 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Wynn Resorts by 44.1% in the first quarter. IFP Advisors Inc now owns 1,069 shares of the casino operator’s stock worth $100,000 after buying an additional 327 shares during the period. Ngam Advisors L.P. raised its stake in Wynn Resorts by 31.6% in the first quarter. Ngam Advisors L.P. now owns 20,504 shares of the casino operator’s stock worth $1,916,000 after buying an additional 4,923 shares during the period. TIAA CREF Investment Management LLC raised its stake in Wynn Resorts by 10.1% in the first quarter. TIAA CREF Investment Management LLC now owns 378,980 shares of the casino operator’s stock worth $35,408,000 after buying an additional 34,732 shares during the period. Teachers Advisors Inc. raised its stake in Wynn Resorts by 5.0% in the first quarter. Teachers Advisors Inc. now owns 85,306 shares of the casino operator’s stock worth $7,970,000 after buying an additional 4,079 shares during the period. Finally, BlackRock Group LTD raised its stake in Wynn Resorts by 0.7% in the first quarter. BlackRock Group LTD now owns 635,440 shares of the casino operator’s stock worth $59,370,000 after buying an additional 4,714 shares during the period. 74.48% of the stock is owned by institutional investors and hedge funds.

About Wynn Resorts

Wynn Resorts, Limited 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 operates through two segments: Macau Operations and Las Vegas Operations.

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