Somewhat Critical Media Coverage Somewhat Unlikely to Affect Wynn Resorts (WYNN) Share Price
News stories about Wynn Resorts (NASDAQ:WYNN) have been trending somewhat negative this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wynn Resorts earned a news sentiment score of -0.11 on Accern’s scale. Accern also gave news coverage about the casino operator an impact score of 43.191654250733 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- WYNN RESORTS INVESTIGATION INITIATED by Former Louisiana … – Business Wire (press release) (businesswire.com)
- Wynn Resorts discloses Steve Wynn will not receive severance – MarketWatch (marketwatch.com)
- Eglet Prince Files 3rd Stockholder Derivative Complaint Against Steve Wynn And Wynn Resorts Board Of Directors (bizjournals.com)
- Steve Wynn Won’t Get Severance From His Casino Company Mr. Wynn will also be subject to a two-year non-compete clause (marketwatch.com)
- Lawsuit for Investors in Shares of Wynn Resorts, Limited (NASDAQ: WYNN) Against Directors Announced by Shareholders Foundation (finance.yahoo.com)
Shares of Wynn Resorts (NASDAQ WYNN) traded up $0.27 during trading hours on Friday, reaching $164.28. 3,450,000 shares of the company were exchanged, compared to its average volume of 5,890,000. The company has a market capitalization of $16,910.00, a PE ratio of 41.38 and a beta of 1.59. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. Wynn Resorts has a fifty-two week low of $92.67 and a fifty-two week high of $203.63.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 1.22%. Wynn Resorts’s dividend payout ratio (DPR) is 50.38%.
Several brokerages have issued reports on WYNN. Gabelli restated a “buy” rating and set a $230.00 price objective on shares of Wynn Resorts in a research report on Tuesday, January 23rd. Citigroup set a $228.00 target price on shares of Wynn Resorts and gave the stock a “buy” rating in a report on Tuesday, January 23rd. BidaskClub raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Bank of America reaffirmed a “hold” rating and set a $200.00 target price on shares of Wynn Resorts in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $201.00 target price (up from $153.00) on shares of Wynn Resorts in a report on Tuesday, January 23rd. Eleven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $177.25.
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About Wynn Resorts
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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