Wynn Resorts, Limited (NASDAQ:WYNN) was upgraded by stock analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $150.00 target price on the casino operator’s stock, up from their previous target price of $138.00. Deutsche Bank AG’s target price suggests a potential upside of 9.93% from the stock’s previous close.

A number of other research firms have also weighed in on WYNN. Barclays PLC raised Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $87.00 to $144.00 in a research note on Friday, May 12th. Zacks Investment Research lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Vetr raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price objective on the stock in a research note on Thursday, June 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. Finally, Telsey Advisory Group lowered Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price objective on the stock. in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $126.99.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 136.45 on Tuesday. The stock’s 50 day moving average price is $131.67 and its 200-day moving average price is $119.75. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $139.67. The company has a market capitalization of $13.91 billion, a P/E ratio of 51.07 and a beta of 1.72. Wynn Resorts, Limited also saw unusually large options trading on Tuesday. Stock traders acquired 13,518 put options on the company. This is an increase of approximately 161% compared to the average volume of 5,177 put options.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The firm’s revenue for the quarter was up 44.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. Analysts predict that Wynn Resorts, Limited will post $4.90 earnings per share for the current fiscal year.

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In other Wynn Resorts, Limited news, EVP Kimmarie Sinatra sold 22,624 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $129.12, for a total transaction of $2,921,210.88. Following the sale, the executive vice president now owns 221,067 shares in the company, valued at approximately $28,544,171.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the sale, the director now owns 7,711 shares in the company, valued at approximately $994,719. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,933 shares of company stock worth $9,261,125. 13.20% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of WYNN. Sunbelt Securities Inc. increased its stake in shares of Wynn Resorts, Limited by 0.4% in the second quarter. Sunbelt Securities Inc. now owns 2,050 shares of the casino operator’s stock valued at $275,000 after buying an additional 8 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Wynn Resorts, Limited by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock valued at $796,000 after buying an additional 35 shares during the period. Xact Kapitalforvaltning AB increased its stake in shares of Wynn Resorts, Limited by 0.6% in the second quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock valued at $854,000 after buying an additional 39 shares during the period. Global X Management Co. LLC increased its stake in shares of Wynn Resorts, Limited by 2.1% in the second quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock valued at $285,000 after buying an additional 43 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Wynn Resorts, Limited by 1.3% in the first quarter. M&T Bank Corp now owns 3,883 shares of the casino operator’s stock valued at $445,000 after buying an additional 48 shares during the period. Institutional investors own 72.83% 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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