Wynn Resorts, Limited (NASDAQ:WYNN) Receives $140.00 Consensus Price Target from Analysts

Wynn Resorts, Limited (NASDAQ:WYNN) has received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $140.00.

WYNN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $137.00 price target on shares of Wynn Resorts in a report on Friday, May 8th. Wells Fargo & Company set a $142.00 price target on Wynn Resorts and gave the company an “overweight” rating in a report on Sunday, May 10th. Morgan Stanley decreased their price target on Wynn Resorts from $136.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Susquehanna decreased their price target on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, April 16th. Finally, UBS Group reiterated a “buy” rating on shares of Wynn Resorts in a report on Monday, February 23rd.

Institutional Investors Weigh In On Wynn Resorts

A number of hedge funds have recently modified their holdings of the business. Capital Advisors Ltd. LLC raised its position in Wynn Resorts by 433,217.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 73,664 shares of the casino operator’s stock valued at $8,864,000 after buying an additional 73,647 shares during the last quarter. Westend Capital Management LLC acquired a new stake in Wynn Resorts in the 4th quarter valued at approximately $12,084,000. SG Americas Securities LLC raised its position in Wynn Resorts by 224.1% in the 4th quarter. SG Americas Securities LLC now owns 82,859 shares of the casino operator’s stock valued at $9,970,000 after buying an additional 57,293 shares during the last quarter. Pacer Advisors Inc. raised its position in Wynn Resorts by 97.5% in the 4th quarter. Pacer Advisors Inc. now owns 22,415 shares of the casino operator’s stock valued at $2,697,000 after buying an additional 11,067 shares during the last quarter. Finally, Cibc World Market Inc. raised its position in Wynn Resorts by 125.7% in the 3rd quarter. Cibc World Market Inc. now owns 47,923 shares of the casino operator’s stock valued at $6,147,000 after buying an additional 26,692 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $105.53 on Monday. The business has a fifty day simple moving average of $103.35 and a 200 day simple moving average of $109.60. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 0.98 and a beta of 0.98. Wynn Resorts has a one year low of $87.11 and a one year high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted $1.07 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, research analysts anticipate that Wynn Resorts will post 4.61 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Wynn Resorts’s dividend payout ratio (DPR) is currently 29.85%.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.