Wynn Resorts (NASDAQ:WYNN) had its price target upped by Jefferies Financial Group from $160.00 to $165.00 in a research note published on Thursday, The Fly reports. They currently have a buy rating on the casino operator’s stock. Jefferies Financial Group also issued estimates for Wynn Resorts’ Q2 2019 earnings at $1.73 EPS, Q4 2019 earnings at $2.18 EPS and FY2019 earnings at $7.33 EPS.
Several other equities analysts have also issued reports on WYNN. Bank of America raised Air Products & Chemicals from an underperform rating to a neutral rating and boosted their price target for the company from $170.00 to $215.00 in a research note on Thursday, April 25th. Telsey Advisory Group reissued a market perform rating and issued a $120.00 price target (down from $125.00) on shares of Wynn Resorts in a research note on Friday, May 10th. Barclays reissued a hold rating on shares of Mettler-Toledo International in a research note on Wednesday, May 15th. Stifel Nicolaus set a $74.00 price target on InterXion and gave the company a buy rating in a research note on Friday, May 10th. Finally, Morgan Stanley set a $14.00 price objective on Secureworks and gave the company a hold rating in a report on Thursday, June 6th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Wynn Resorts currently has a consensus rating of Buy and a consensus price target of $147.44.
Wynn Resorts stock opened at $133.89 on Thursday. Wynn Resorts has a one year low of $90.06 and a one year high of $167.59. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.16 and a current ratio of 1.19. The business has a 50 day moving average of $119.97. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 2.14 and a beta of 1.93.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, May 9th. The casino operator reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.02. Wynn Resorts had a return on equity of 35.83% and a net margin of 13.43%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the firm earned $2.30 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts predict that Wynn Resorts will post 6.12 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Wynn Resorts by 28.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,671 shares of the casino operator’s stock valued at $858,000 after purchasing an additional 1,946 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Wynn Resorts by 1.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 18,231 shares of the casino operator’s stock worth $1,804,000 after acquiring an additional 311 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in Wynn Resorts by 1.5% during the 4th quarter. Standard Life Aberdeen plc now owns 32,248 shares of the casino operator’s stock worth $3,166,000 after acquiring an additional 475 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Wynn Resorts during the 4th quarter worth $463,000. Finally, Great West Life Assurance Co. Can grew its holdings in Wynn Resorts by 0.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 59,580 shares of the casino operator’s stock worth $5,606,000 after acquiring an additional 297 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.
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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