Wynn Resorts (NASDAQ:WYNN) had its price target raised by stock analysts at Barclays to $180.00 in a research note issued on Thursday. The firm presently has an “overweight” rating on the casino operator’s stock. Barclays’ price objective would suggest a potential upside of 9.19% from the company’s current price.
Several other research firms have also issued reports on WYNN. TheStreet raised Wynn Resorts from a “c+” rating to a “b-” rating in a research note on Tuesday. Deutsche Bank reissued a “buy” rating and set a $167.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 21st. Telsey Advisory Group reissued a “market perform” rating and set a $157.00 target price (up previously from $150.00) on shares of Wynn Resorts in a research note on Monday, October 2nd. Stifel Nicolaus increased their target price on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 target price on the stock in a research note on Tuesday, September 26th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Wynn Resorts presently has a consensus rating of “Buy” and an average price target of $150.05.
Wynn Resorts (WYNN) opened at $164.85 on Thursday. The firm has a market capitalization of $16,682.63, a price-to-earnings ratio of 36.56 and a beta of 1.73. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. Wynn Resorts has a twelve month low of $85.57 and a twelve month high of $166.70.
In other Wynn Resorts news, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total value of $2,276,100.00. Following the sale, the director now owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Matt Maddox sold 42,900 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the sale, the president now directly owns 350,586 shares in the company, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. Insiders sold a total of 159,406 shares of company stock worth $23,864,344 in the last ninety days. 13.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of WYNN. IFP Advisors Inc raised its position in shares of Wynn Resorts by 40.8% during the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after acquiring an additional 365 shares in the last quarter. Retirement Systems of Alabama grew its stake in Wynn Resorts by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 38,712 shares of the casino operator’s stock worth $5,192,000 after buying an additional 284 shares during the last quarter. TD Asset Management Inc. grew its stake in Wynn Resorts by 1.9% during the 2nd quarter. TD Asset Management Inc. now owns 29,020 shares of the casino operator’s stock worth $3,892,000 after buying an additional 542 shares during the last quarter. Global X Management Co. LLC grew its stake in Wynn Resorts by 2.1% during the 2nd quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock worth $285,000 after buying an additional 43 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Wynn Resorts by 7.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 385,889 shares of the casino operator’s stock worth $51,756,000 after buying an additional 25,300 shares during the last quarter. 72.04% of the stock is currently owned by institutional investors and hedge funds.
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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.
