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

Wynn Resorts, Limited (NASDAQ:WYNN) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $116.36.

Several equities research analysts have recently commented on WYNN shares. Susquehanna upped their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research report on Friday, October 11th. Barclays reduced their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company lowered their target price on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Morgan Stanley raised their price objective on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd.

Hedge Funds Weigh In On Wynn Resorts

Several institutional investors have recently bought and sold shares of WYNN. Commonwealth Equity Services LLC grew its position in Wynn Resorts by 6.4% in the second quarter. Commonwealth Equity Services LLC now owns 31,472 shares of the casino operator’s stock worth $2,817,000 after acquiring an additional 1,902 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Wynn Resorts by 115.5% in the second quarter. TD Asset Management Inc now owns 55,217 shares of the casino operator’s stock valued at $4,942,000 after acquiring an additional 29,596 shares during the period. National Bank of Canada FI lifted its holdings in shares of Wynn Resorts by 23.6% in the 2nd quarter. National Bank of Canada FI now owns 35,210 shares of the casino operator’s stock worth $3,087,000 after acquiring an additional 6,722 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Wynn Resorts by 67.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 178,408 shares of the casino operator’s stock worth $15,968,000 after purchasing an additional 72,112 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Wynn Resorts during the 2nd quarter valued at about $194,000. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Stock Down 0.6 %

Shares of Wynn Resorts stock opened at $83.32 on Monday. Wynn Resorts has a twelve month low of $71.63 and a twelve month high of $110.38. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 3.46 and a beta of 1.77. The company’s 50 day moving average is $91.04 and its 200 day moving average is $87.39.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The firm had revenue of $1.69 billion during 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%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share. Sell-side analysts expect that Wynn Resorts will post 4.79 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, November 15th. Wynn Resorts’s payout ratio is 12.33%.

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.