Wynn Resorts (NASDAQ:WYNN)‘s stock had its “neutral” rating restated by investment analysts at Roth Capital in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $170.00 target price on the casino operator’s stock. Roth Capital’s price target indicates a potential upside of 0.43% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Barclays lifted their price target on shares of Wynn Resorts from $148.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. raised shares of Wynn Resorts from a “neutral” rating to an “overweight” rating in a research note on Wednesday. Citigroup lifted their price target on shares of Wynn Resorts to $161.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Stifel Nicolaus reissued a “hold” rating and set a $134.00 price target on shares of Wynn Resorts in a research note on Thursday, October 12th. Finally, Jefferies Group reaffirmed a “positive” rating and issued a $220.00 target price on shares of Wynn Resorts in a research note on Tuesday, January 23rd. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $179.62.

Wynn Resorts (NASDAQ WYNN) opened at $169.28 on Wednesday. The company has a market cap of $17,400.00, a P/E ratio of 23.28 and a beta of 1.59. Wynn Resorts has a one year low of $92.67 and a one year high of $203.63. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a net margin of 11.85% and a return on equity of 148.17%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. sell-side analysts predict that Wynn Resorts will post 7.62 EPS for the current fiscal year.

In related news, President Matt Maddox sold 59,260 shares of Wynn Resorts stock in a transaction on Monday, November 13th. The shares were sold at an average price of $155.12, for a total value of $9,192,411.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Geneva Partners LLC boosted its holdings in Wynn Resorts by 14.3% in the fourth quarter. Geneva Partners LLC now owns 15,970 shares of the casino operator’s stock valued at $2,692,000 after acquiring an additional 2,000 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Wynn Resorts by 78.6% in the fourth quarter. Advisory Services Network LLC now owns 2,272 shares of the casino operator’s stock valued at $383,000 after acquiring an additional 1,000 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Wynn Resorts by 13.9% in the fourth quarter. Toronto Dominion Bank now owns 34,646 shares of the casino operator’s stock valued at $5,840,000 after acquiring an additional 4,218 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Wynn Resorts by 9.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 93,205 shares of the casino operator’s stock valued at $15,714,000 after acquiring an additional 7,965 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Wynn Resorts by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 352,641 shares of the casino operator’s stock valued at $59,452,000 after acquiring an additional 20,922 shares in the last quarter. Institutional investors and hedge funds own 72.27% of the company’s stock.

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Wynn Resorts 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 (NASDAQ:WYNN)

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