Investment analysts at Jefferies Group began coverage on shares of Wynn Resorts (NASDAQ:WYNN) in a research note issued on Thursday, January 18th, MarketBeat.com reports. The firm set a “buy” rating and a $202.00 price target on the casino operator’s stock. Jefferies Group’s price objective points to a potential upside of 23.99% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a report on Wednesday, December 27th. Barclays upped their price target on Wynn Resorts to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. TheStreet upgraded Wynn Resorts from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Deutsche Bank restated a “buy” rating and set a $167.00 price target on shares of Wynn Resorts in a research note on Tuesday, November 21st. Finally, Stifel Nicolaus increased their price objective on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Eleven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $177.57.
Wynn Resorts (NASDAQ:WYNN) opened at $162.92 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 24.54. The stock has a market capitalization of $16,750.00, a P/E ratio of 22.41 and a beta of 1.59. Wynn Resorts has a fifty-two week low of $92.67 and a fifty-two week high of $203.63.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.07. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 earnings per share. equities analysts anticipate that Wynn Resorts will post 7.62 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Barometer Capital Management Inc. purchased a new position in shares of Wynn Resorts in the 4th quarter worth about $17,567,000. Cbre Clarion Securities LLC purchased a new stake in shares of Wynn Resorts during the 4th quarter valued at about $4,535,000. Cookson Peirce & Co. Inc. raised its holdings in shares of Wynn Resorts by 10.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 5,100 shares of the casino operator’s stock valued at $860,000 after buying an additional 480 shares during the period. Quadrature Capital Ltd raised its holdings in shares of Wynn Resorts by 685.1% during the 4th quarter. Quadrature Capital Ltd now owns 89,781 shares of the casino operator’s stock valued at $15,136,000 after buying an additional 78,346 shares during the period. Finally, Beddow Capital Management Inc. raised its holdings in shares of Wynn Resorts by 5.1% during the 4th quarter. Beddow Capital Management Inc. now owns 25,775 shares of the casino operator’s stock valued at $4,345,000 after buying an additional 1,246 shares during the period. Institutional investors own 72.10% of the company’s stock.
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About Wynn Resorts
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.
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