Wynn Resorts, Limited (NASDAQ:WYNN) had its target price raised by equities research analysts at Citigroup Inc. to $161.00 in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the casino operator’s stock. Citigroup Inc.’s price target would suggest a potential upside of 13.12% from the company’s current price.

A number of other brokerages have also weighed in on WYNN. Instinet restated a “neutral” rating and issued a $137.00 target price (up previously from $130.00) on shares of Wynn Resorts, Limited in a research report on Monday, June 19th. Vetr upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 target price on the stock in a research report on Thursday, June 29th. Morgan Stanley restated an “overweight” rating and issued a $151.00 target price (up previously from $133.00) on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. UBS AG restated a “buy” rating on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. Twelve analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $136.15.

Wynn Resorts, Limited (NASDAQ WYNN) opened at 142.33 on Monday. The stock has a 50 day moving average price of $143.64 and a 200 day moving average price of $131.82. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $150.40. The firm has a market capitalization of $14.51 billion, a P/E ratio of 53.27 and a beta of 1.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The firm’s quarterly revenue was up 44.5% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. On average, equities analysts predict that Wynn Resorts, Limited will post $5.08 EPS for the current fiscal year.

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In other Wynn Resorts, Limited news, President Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the sale, the president now directly owns 350,586 shares of the company’s stock, valued at $50,288,055.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of Wynn Resorts, Limited stock in a transaction on Monday, July 31st. The shares were sold at an average price of $129.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now directly owns 7,711 shares of the company’s stock, valued at $994,719. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,351 shares of company stock valued at $9,621,369. Insiders own 13.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Wynn Resorts, Limited by 3.1% in the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock valued at $1,108,476,000 after purchasing an additional 246,476 shares in the last quarter. State Street Corp increased its stake in Wynn Resorts, Limited by 0.8% in the first quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock valued at $379,153,000 after purchasing an additional 26,867 shares in the last quarter. Platinum Investment Management Ltd. increased its stake in Wynn Resorts, Limited by 0.7% in the first quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock valued at $197,625,000 after purchasing an additional 11,600 shares in the last quarter. Maverick Capital Ltd. increased its stake in Wynn Resorts, Limited by 36.9% in the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after purchasing an additional 339,550 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Wynn Resorts, Limited by 2.1% in the second quarter. American Century Companies Inc. now owns 875,121 shares of the casino operator’s stock valued at $117,371,000 after purchasing an additional 18,400 shares in the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

About Wynn Resorts, Limited

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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