Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “buy” rating reaffirmed by research analysts at UBS AG in a report issued on Monday, July 10th, www.flashratings.com reports.

A number of other analysts have also commented on the stock. Union Gaming Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “strong-buy” rating and set a $144.00 price target for the company in a report on Friday, April 28th. Aegis reissued a “buy” rating and issued a $132.00 price target (up previously from $121.00) on shares of Wynn Resorts, Limited in a report on Saturday, April 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, May 24th. Finally, Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $119.59 price target for the company in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $125.62.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 130.23 on Monday. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $139.67. The stock’s 50 day moving average price is $133.80 and its 200 day moving average price is $117.30. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 48.74 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 205.76%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The business’s quarterly revenue was up 44.5% compared to the same quarter last year. Analysts expect that Wynn Resorts, Limited will post $4.92 EPS for the current year.

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In other Wynn Resorts, Limited news, President Matt Maddox sold 44,309 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $134.35, for a total transaction of $5,952,914.15. Following the transaction, the president now owns 344,895 shares in the company, valued at approximately $46,336,643.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patricia Mulroy sold 2,226 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $128.08, for a total transaction of $285,106.08. Following the transaction, the director now owns 8,011 shares in the company, valued at approximately $1,026,048.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,309 shares of company stock worth $9,693,891. 13.20% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. raised its stake in Wynn Resorts, Limited by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,536 shares of the casino operator’s stock valued at $7,855,000 after buying an additional 2,225 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Wynn Resorts, Limited during the fourth quarter valued at about $222,000. Kentucky Retirement Systems purchased a new stake in Wynn Resorts, Limited during the fourth quarter valued at about $498,000. Teachers Advisors LLC raised its stake in Wynn Resorts, Limited by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 88,872 shares of the casino operator’s stock valued at $7,688,000 after buying an additional 5,198 shares in the last quarter. Finally, Elkhorn Investments LLC purchased a new stake in Wynn Resorts, Limited during the fourth quarter valued at about $756,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

Wynn Resorts, Limited Company Profile

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, Limited (NASDAQ:WYNN)

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