Wynn Resorts, Limited (NASDAQ:WYNN) Receives Average Rating of “Moderate Buy” from Brokerages

Wynn Resorts, Limited (NASDAQ:WYNN) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $115.71.

A number of brokerages recently issued reports on WYNN. Stifel Nicolaus decreased their price objective on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a report on Friday, September 13th. Barclays decreased their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. StockNews.com downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Susquehanna boosted their target price on Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company lowered their price target on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th.

Wynn Resorts Trading Down 5.1 %

Shares of NASDAQ WYNN opened at $89.68 on Thursday. The firm has a market capitalization of $9.85 billion, a PE ratio of 11.06, a PEG ratio of 3.46 and a beta of 1.78. Wynn Resorts has a one year low of $71.63 and a one year high of $110.38. The business has a 50-day moving average price of $94.65 and a two-hundred day moving average price of $87.79.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. Wynn Resorts’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 earnings per share. Research analysts anticipate that Wynn Resorts will post 4.79 EPS for the current year.

Wynn Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is presently 12.33%.

Hedge Funds Weigh In On Wynn Resorts

Several large 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 during the second quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in Wynn Resorts during the third quarter worth $31,000. Blue Trust Inc. increased its holdings in Wynn Resorts by 556.0% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock valued at $49,000 after buying an additional 467 shares during the period. Allworth Financial LP raised its stake in shares of Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after buying an additional 133 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Wynn Resorts by 703.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,028 shares of the casino operator’s stock worth $99,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Company Profile

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.