A number of other research analysts have also commented on WYNN. Zacks Investment Research upgraded shares of Zymeworks from a hold rating to a buy rating and set a $18.00 price target for the company in a research report on Saturday, April 13th. Bank of America raised shares of Air Products & Chemicals from an underperform rating to a neutral rating and lifted their price objective for the stock from $170.00 to $215.00 in a report on Thursday, April 25th. Telsey Advisory Group reaffirmed a market perform rating and set a $120.00 price objective (down from $125.00) on shares of Wynn Resorts in a report on Friday, May 10th. Stifel Nicolaus set a $74.00 price objective on shares of InterXion and gave the stock a buy rating in a report on Friday, May 10th. Finally, Jefferies Financial Group lifted their price objective on shares of Las Vegas Sands from $57.00 to $69.00 and gave the stock a hold rating in a report on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $147.44.
WYNN opened at $133.89 on Tuesday. The firm’s fifty day moving average price is $119.97. The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 2.13 and a beta of 1.93. The company has a debt-to-equity ratio of 4.84, a current ratio of 1.19 and a quick ratio of 1.16. Wynn Resorts has a one year low of $90.06 and a one year high of $167.59.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, May 9th. The casino operator reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.66 billion. Wynn Resorts had a net margin of 13.43% and a return on equity of 35.83%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.30 EPS. Research analysts forecast that Wynn Resorts will post 6.12 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. JOYN Advisors Inc. raised its stake in shares of Wynn Resorts by 1,680.0% during the fourth quarter. JOYN Advisors Inc. now owns 267 shares of the casino operator’s stock valued at $26,000 after acquiring an additional 252 shares during the last quarter. Optimum Investment Advisors bought a new position in shares of Wynn Resorts during the first quarter valued at about $36,000. Zions Bancorporation N.A. bought a new position in shares of Wynn Resorts during the first quarter valued at about $41,000. Somerset Trust Co raised its stake in shares of Wynn Resorts by 152.7% during the first quarter. Somerset Trust Co now owns 369 shares of the casino operator’s stock valued at $44,000 after acquiring an additional 223 shares during the last quarter. Finally, First Hawaiian Bank raised its stake in shares of Wynn Resorts by 295.0% during the first quarter. First Hawaiian Bank now owns 395 shares of the casino operator’s stock valued at $47,000 after acquiring an additional 295 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.
About Wynn Resorts
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.
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