Wynn Resorts, Limited (WYNN) PT Raised to $155.00 at Barclays PLC

Wynn Resorts, Limited (NASDAQ:WYNN) had its price target boosted by Barclays PLC from $148.00 to $155.00 in a note issued to investors on Friday. The brokerage presently has an “overweight” rating on the casino operator’s stock. Barclays PLC’s price target suggests a potential upside of 8.28% from the stock’s current price.

Other research analysts have also issued reports about the stock. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 target price on the stock in a research note on Friday, July 14th. UBS AG reaffirmed a “buy” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. Deutsche Bank AG raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and raised their price objective for the company from $138.00 to $150.00 in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 price objective on the stock in a research note on Tuesday, September 26th. Finally, Citigroup Inc. raised their price objective on shares of Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Twelve investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $140.76.

Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at 143.15 on Friday. The company has a market capitalization of $14.59 billion, a PE ratio of 53.57 and a beta of 1.67. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $150.40. The company has a 50-day moving average of $144.85 and a 200 day moving average of $133.65.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 140.73%. Wynn Resorts, Limited’s revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. Analysts predict that Wynn Resorts, Limited will post $5.07 earnings per share for the current year.

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In related news, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the completion of the sale, the executive vice president now owns 223,443 shares in the company, valued at $32,090,883.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Matt Maddox sold 42,900 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the sale, the president now owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. Insiders have sold 67,351 shares of company stock valued at $9,621,369 in the last 90 days. 13.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Partners Fund LP increased its holdings in Wynn Resorts, Limited by 5,400.0% during the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after buying an additional 1,080 shares during the last quarter. Reilly Financial Advisors LLC increased its holdings in Wynn Resorts, Limited by 1,000.0% during the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after buying an additional 1,000 shares during the last quarter. Financial Architects Inc increased its holdings in Wynn Resorts, Limited by 4.2% during the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares during the last quarter. IFP Advisors Inc increased its holdings in Wynn Resorts, Limited by 40.8% during the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after buying an additional 365 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its holdings in Wynn Resorts, Limited by 808.1% during the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after buying an additional 1,301 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wynn Resorts, Limited Company Profile

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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