A number of firms have modified their ratings and price targets on shares of Wynn Resorts, Limited (NASDAQ: WYNN) recently:

  • 10/16/2017 – Wynn Resorts, Limited had its price target raised by analysts at Citigroup Inc. to $161.00. They now have a “buy” rating on the stock.
  • 10/16/2017 – Wynn Resorts, Limited was given a new $161.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 10/13/2017 – Wynn Resorts, Limited was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 10/13/2017 – Wynn Resorts, Limited had its price target raised by analysts at Morgan Stanley from $151.00 to $158.00. They now have an “overweight” rating on the stock.
  • 10/12/2017 – Wynn Resorts, Limited had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $134.00 price target on the stock.
  • 10/12/2017 – Wynn Resorts, Limited had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $151.00 price target on the stock, down previously from $158.00.
  • 10/2/2017 – Wynn Resorts, Limited had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $157.00 price target on the stock, up previously from $150.00.
  • 9/29/2017 – Wynn Resorts, Limited had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $174.00 price target on the stock, up previously from $149.00.
  • 9/26/2017 – Wynn Resorts, Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $162.00 price target on the stock. According to Zacks, “Wynn Resorts shares have outpaced the industry in the last six months. The company’s strong brand recognition and improved non-gaming revenues bode well. Further, its properties in Las Vegas should continue to cash in on the favorable trends of improving employment rate and positive tourism numbers in the region. Revival of gaming revenues in Macau is also a huge positive for the company. However, it will take some time for the region to return to its former glory concerns related to the sustainability of revenues from the VIP market linger. Moreover, another corruption crackdown by the authoroties may hamper performance. Meanwhile, though foot traffic has been low at Wynn palace of late due to continual construction around it, the resort is poised to witness increased visits from tourists and leisure gamblers over the long term.”

Wynn Resorts, Limited (NASDAQ:WYNN) traded down 0.28% during trading on Tuesday, hitting $146.40. The company had a trading volume of 1,005,854 shares. The firm’s 50 day moving average is $143.64 and its 200-day moving average is $131.82. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 54.79 and a beta of 1.67. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 6.98% and a return on equity of 121.81%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the company earned $1.07 earnings per share. Wynn Resorts, Limited’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, equities analysts forecast that Wynn Resorts, Limited will post $5.08 earnings per share for the current year.

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 transaction, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kimmarie Sinatra sold 21,451 shares of Wynn Resorts, Limited stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the transaction, the executive vice president now owns 223,443 shares in the company, valued at $32,090,883.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,351 shares of company stock worth $9,621,369. 13.20% of the stock is currently owned by company insiders.

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.

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