Wynn Resorts, Limited (NASDAQ:WYNN) Receives $140.15 Consensus PT from Brokerages

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $139.6429.

A number of analysts have recently commented on WYNN shares. JPMorgan Chase & Co. lifted their price target on Wynn Resorts from $138.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Stifel Nicolaus boosted their target price on shares of Wynn Resorts from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Texas Capital raised shares of Wynn Resorts to a “strong-buy” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Wynn Resorts in a report on Monday, December 29th. Finally, UBS Group raised their target price on Wynn Resorts from $147.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, January 16th.

Institutional Trading of Wynn Resorts

Several institutional investors have recently added to or reduced their stakes in WYNN. Egerton Capital UK LLP bought a new position in Wynn Resorts during the 4th quarter worth approximately $249,053,000. Norges Bank bought a new position in Wynn Resorts during the second quarter worth $106,289,000. Palidye Holdings Caymans Ltd acquired a new position in Wynn Resorts in the second quarter valued at $104,629,000. Zurich Insurance Group Ltd FI bought a new stake in Wynn Resorts during the third quarter valued at $110,213,000. Finally, Thrivent Financial for Lutherans boosted its position in Wynn Resorts by 6,391.3% during the second quarter. Thrivent Financial for Lutherans now owns 748,769 shares of the casino operator’s stock valued at $70,138,000 after acquiring an additional 737,234 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Stock Performance

NASDAQ WYNN opened at $107.85 on Tuesday. The firm’s fifty day moving average price is $118.64 and its two-hundred day moving average price is $120.10. The stock has a market cap of $11.21 billion, a PE ratio of 24.13, a PEG ratio of 9.98 and a beta of 1.06. Wynn Resorts has a fifty-two week low of $65.25 and a fifty-two week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, February 12th. The casino operator reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.16). The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Wynn Resorts had a net margin of 7.09% and a negative return on equity of 54.88%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $2.42 EPS. As a group, sell-side analysts predict that Wynn Resorts will post 5.17 earnings per share for the current fiscal year.

Key Wynn Resorts News

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Macau strength supported overall results — management cited higher sales at its Macau properties that helped offset weakness elsewhere; this provides revenue diversification and upside exposure to China recovery. WSJ: Mixed Q4 — Macau strength
• Positive Sentiment: Company declared a quarterly dividend, signaling cash-flow intent and returning capital to shareholders — a supportive factor for income-focused investors. TipRanks: Dividend declared
• Positive Sentiment: Brand and service recognition remain strong — Wynn received 18 Forbes Five-Star awards, which supports premium pricing and long-term brand value. PR Newswire: Forbes awards
• Neutral Sentiment: Revenue slightly beat estimates — operating revenue was $1.87B (up modestly year-over-year), roughly in line with expectations but not enough to offset profit pressure. PR Newswire: Q4 results
• Neutral Sentiment: Full earnings package and call materials published — investors can review the press release, slide deck and conference call for detail on margins, capital allocation and regional trends. MarketBeat: Earnings release & materials
• Negative Sentiment: EPS miss and profit compression drove the selloff — WYNN reported EPS of $1.17, below consensus (~$1.33–$1.37) and well under prior-year EPS, signaling margin pressure. Zacks: Q4 earnings lag
• Negative Sentiment: Las Vegas and Boston weakness pulled on overall profitability — management noted declines at those operations, which, combined with cost and margin issues, capped net income (reported profit ~$100M). Investors view U.S. softness as a near-term headwind. MSN: Las Vegas slump
• Neutral Sentiment: Non-operational news: an extortion arrest connected to Steve Wynn surfaced but appears unrelated to operations and is unlikely to move fundamentals materially. MSN: Extortion arrest

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.