Wynn Resorts, Limited (NASDAQ:WYNN) has been given an average rating of “Hold” by the twenty-six research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $139.91.

WYNN has been the subject of several recent analyst reports. UBS AG restated a “buy” rating on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 target price for the company in a research note on Friday, July 14th. BidaskClub upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Deutsche Bank AG upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and increased their target price for the company from $138.00 to $150.00 in a research note on Tuesday, August 15th. Finally, Zacks Investment Research upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research note on Tuesday, September 26th.

Wynn Resorts, Limited (NASDAQ WYNN) traded down 0.08% during midday trading on Wednesday, reaching $146.97. The company’s stock had a trading volume of 1,524,957 shares. The firm has a market capitalization of $14.98 billion, a PE ratio of 55.00 and a beta of 1.67. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $150.15. The stock has a 50 day moving average of $141.77 and a 200 day moving average of $130.17.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 44.5% compared to the same quarter last year. On average, equities research analysts predict that Wynn Resorts, Limited will post $5.05 earnings per share for the current fiscal year.

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In related news, President Matt Maddox sold 42,900 shares of the firm’s stock in a transaction on 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 completion of the sale, the president now directly owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $129.00, for a total value of $387,000.00. Following the sale, the director now directly owns 7,711 shares of the company’s stock, valued at $994,719. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,351 shares of company stock valued at $9,621,369. 13.20% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in WYNN. Comerica Bank increased its holdings in Wynn Resorts, Limited by 1.6% during the 1st quarter. Comerica Bank now owns 18,525 shares of the casino operator’s stock valued at $2,306,000 after purchasing an additional 283 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Wynn Resorts, Limited by 8.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 252,503 shares of the casino operator’s stock valued at $28,939,000 after purchasing an additional 20,687 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Wynn Resorts, Limited during the 1st quarter valued at $218,000. Mason Street Advisors LLC increased its holdings in Wynn Resorts, Limited by 1.2% during the 1st quarter. Mason Street Advisors LLC now owns 10,986 shares of the casino operator’s stock valued at $1,259,000 after purchasing an additional 130 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Wynn Resorts, Limited by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,849 shares of the casino operator’s stock valued at $212,000 after purchasing an additional 55 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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