Wynn Resorts (NASDAQ:WYNN) Getting Somewhat Favorable News Coverage, Report Shows
Media coverage about Wynn Resorts (NASDAQ:WYNN) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wynn Resorts earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the casino operator an impact score of 45.8766895759995 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Morgan Stanley Cuts Wynn Resorts (WYNN) Price Target to $193.00 (americanbankingnews.com)
- WYNN INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Wynn Resorts … – Business Wire (press release) (businesswire.com)
- Wynn Resorts shares down 3.5% premarket after allegations of sexual misconduct by CEO Steve Wynn – MarketWatch (marketwatch.com)
- Law firm eyes Wynn Resorts for possible securities fraud – Boston Herald (bostonherald.com)
- Macau Accounts for the Bulk of Wynn Revenue (finance.yahoo.com)
Wynn Resorts (WYNN) traded up $0.89 during mid-day trading on Tuesday, hitting $164.37. 5,588,419 shares of the stock traded hands, compared to its average volume of 4,958,324. Wynn Resorts has a 1 year low of $92.67 and a 1 year high of $203.63. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. The stock has a market capitalization of $16,800.00, a P/E ratio of 22.69 and a beta of 1.73.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, February 14th. Wynn Resorts’s payout ratio is 27.51%.
A number of research analysts recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Wynn Resorts from $210.00 to $193.00 and set an “overweight” rating for the company in a research report on Tuesday. BidaskClub raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Jefferies Group reaffirmed a “positive” rating and issued a $220.00 target price on shares of Wynn Resorts in a report on Tuesday, January 23rd. Bank of America reaffirmed a “hold” rating and issued a $200.00 target price on shares of Wynn Resorts in a report on Tuesday, January 23rd. Finally, Gabelli reaffirmed a “buy” rating and issued a $230.00 target price on shares of Wynn Resorts in a report on Tuesday, January 23rd. Ten investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Wynn Resorts has an average rating of “Buy” and an average price target of $175.88.
In other Wynn Resorts news, EVP Kimmarie Sinatra sold 20,795 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the transaction, the executive vice president now owns 226,992 shares in the company, valued at $34,509,593.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matt Maddox sold 59,260 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $155.12, for a total transaction of $9,192,411.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,055 shares of company stock worth $14,629,975. 13.20% of the stock is owned by insiders.
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Wynn Resorts 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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