Wynn Resorts (NASDAQ:WYNN) PT Raised to $122.00

Wynn Resorts (NASDAQ:WYNN) had its target price boosted by equities research analysts at Susquehanna from $92.00 to $122.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “positive” rating on the casino operator’s stock. Susquehanna’s target price would indicate a potential upside of 16.98% from the company’s previous close.

A number of other analysts have also recently weighed in on WYNN. Jefferies Financial Group dropped their price target on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. UBS Group raised shares of Wynn Resorts to a “hold” rating in a research note on Friday, August 23rd. Stifel Nicolaus decreased their target price on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Wells Fargo & Company decreased their target price on Wynn Resorts from $126.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Wynn Resorts from $110.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.20.

Wynn Resorts Stock Up 0.6 %

Shares of NASDAQ WYNN opened at $104.29 on Friday. Wynn Resorts has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The firm has a market cap of $11.58 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 2.68 and a beta of 1.81. The business has a 50 day moving average price of $82.36 and a two-hundred day moving average price of $89.41.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Tuesday, August 6th. The casino operator reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. On average, analysts anticipate that Wynn Resorts will post 5.44 earnings per share for the current year.

Insider Transactions at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction on Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now owns 5,689 shares in the company, valued at $447,894.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WYNN. International Assets Investment Management LLC bought a new stake in shares of Wynn Resorts in the second quarter valued at approximately $25,000. Register Financial Advisors LLC acquired a new stake in Wynn Resorts in the 1st quarter worth $37,000. Neo Ivy Capital Management acquired a new stake in Wynn Resorts in the 4th quarter worth $40,000. Versant Capital Management Inc bought a new position in shares of Wynn Resorts during the 2nd quarter worth about $51,000. Finally, Covestor Ltd raised its position in shares of Wynn Resorts by 421.7% during the first quarter. Covestor Ltd now owns 626 shares of the casino operator’s stock valued at $64,000 after buying an additional 506 shares during the last quarter. 68.87% of the stock is owned by institutional investors.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.