Wynn Resorts, Limited (WYNN) Given a $161.00 Price Target at Deutsche Bank AG

Deutsche Bank AG set a $161.00 price target on Wynn Resorts, Limited (NASDAQ:WYNN) in a research report report published on Monday. The brokerage currently has a buy rating on the casino operator’s stock.

A number of other analysts also recently issued reports on the company. Instinet reaffirmed a neutral rating on shares of Wynn Resorts, Limited in a report on Monday, July 17th. Vetr raised Wynn Resorts, Limited from a hold rating to a buy rating and set a $146.26 price target for the company in a report on Friday, July 14th. Sanford C. Bernstein reaffirmed an outperform rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. Bank of America Corporation reaffirmed a neutral rating and set a $140.00 price target (up from $135.00) on shares of Wynn Resorts, Limited in a report on Friday, July 21st. Finally, Morgan Stanley reaffirmed an overweight rating and set a $151.00 price target (up from $133.00) on shares of Wynn Resorts, Limited in a report on Monday, July 10th. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $136.76.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded down 0.09% on Monday, reaching $146.68. The company had a trading volume of 167,997 shares. The company has a market capitalization of $14.95 billion, a P/E ratio of 54.90 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 $143.64 and a 200-day moving average of $131.82.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a return on equity of 121.81% and a net margin of 6.98%. Wynn Resorts, Limited’s revenue for the quarter was up 44.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 EPS. Analysts predict that Wynn Resorts, Limited will post $5.08 earnings per share for the current fiscal year.

WARNING: “Wynn Resorts, Limited (WYNN) Given a $161.00 Price Target at Deutsche Bank AG” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/17/wynn-resorts-limited-wynn-given-a-161-00-price-target-at-deutsche-bank-ag.html.

In other Wynn Resorts, Limited news, EVP Kimmarie Sinatra sold 21,451 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the transaction, the executive vice president now owns 223,443 shares in the company, valued at approximately $32,090,883.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the transaction, the director now owns 7,711 shares in the company, valued at approximately $994,719. The disclosure for this sale can be found here. Insiders have sold a total of 67,351 shares of company stock worth $9,621,369 in the last quarter. 13.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Partners Fund LP increased its position in Wynn Resorts, Limited by 5,400.0% during the 1st quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after purchasing an additional 1,080 shares during the period. Reilly Financial Advisors LLC increased its position in Wynn Resorts, Limited by 1,000.0% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after purchasing an additional 1,000 shares during the period. Financial Architects Inc increased its position in Wynn Resorts, Limited by 4.2% during the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after purchasing an additional 50 shares during the period. IFP Advisors Inc increased its position in Wynn Resorts, Limited by 40.8% during the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after purchasing an additional 365 shares during the period. Finally, Hanseatic Management Services Inc. increased its position in Wynn Resorts, Limited by 808.1% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1

A number of other analysts also recently issued reports on the company. Instinet reaffirmed a neutral rating on shares of Wynn Resorts, Limited in a report on Monday, July 17th. Vetr raised Wynn Resorts, Limited from a hold rating to a buy rating and set a $146.26 price target for the company in a report on Friday, July 14th. Sanford C. Bernstein reaffirmed an outperform rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. Bank of America Corporation reaffirmed a neutral rating and set a $140.00 price target (up from $135.00) on shares of Wynn Resorts, Limited in a report on Friday, July 21st. Finally, Morgan Stanley reaffirmed an overweight rating and set a $151.00 price target (up from $133.00) on shares of Wynn Resorts, Limited in a report on Monday, July 10th. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $136.76.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded down 0.09% on Monday, reaching $146.68. The company had a trading volume of 167,997 shares. The company has a market capitalization of $14.95 billion, a P/E ratio of 54.90 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 $143.64 and a 200-day moving average of $131.82.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a return on equity of 121.81% and a net margin of 6.98%. Wynn Resorts, Limited’s revenue for the quarter was up 44.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 EPS. Analysts predict that Wynn Resorts, Limited will post $5.08 earnings per share for the current fiscal year.

WARNING: “Wynn Resorts, Limited (WYNN) Given a $161.00 Price Target at Deutsche Bank AG” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/17/wynn-resorts-limited-wynn-given-a-161-00-price-target-at-deutsche-bank-ag.html.

In other Wynn Resorts, Limited news, EVP Kimmarie Sinatra sold 21,451 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total transaction of $3,080,792.62. Following the transaction, the executive vice president now owns 223,443 shares in the company, valued at approximately $32,090,883.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the transaction, the director now owns 7,711 shares in the company, valued at approximately $994,719. The disclosure for this sale can be found here. Insiders have sold a total of 67,351 shares of company stock worth $9,621,369 in the last quarter. 13.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Partners Fund LP increased its position in Wynn Resorts, Limited by 5,400.0% during the 1st quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after purchasing an additional 1,080 shares during the period. Reilly Financial Advisors LLC increased its position in Wynn Resorts, Limited by 1,000.0% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after purchasing an additional 1,000 shares during the period. Financial Architects Inc increased its position in Wynn Resorts, Limited by 4.2% during the 2nd quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after purchasing an additional 50 shares during the period. IFP Advisors Inc increased its position in Wynn Resorts, Limited by 40.8% during the 2nd quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after purchasing an additional 365 shares during the period. Finally, Hanseatic Management Services Inc. increased its position in Wynn Resorts, Limited by 808.1% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after purchasing an additional 1,301 shares during the period. Institutional investors own 70.80% of the company’s stock.

About Wynn Resorts, Limited

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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