Wynn Resorts, Limited (WYNN) Price Target Raised to $161.00

Wynn Resorts, Limited (NASDAQ:WYNN) had its price objective hoisted by Citigroup Inc. to $161.00 in a research report sent to investors on Monday, The Fly reports. The brokerage currently has a buy rating on the casino operator’s stock.

A number of other research analysts have also recently commented on the company. Morgan Stanley raised their price target on Wynn Resorts, Limited from $151.00 to $158.00 and gave the stock an overweight rating in a research report on Friday, October 13th. Stifel Nicolaus restated a hold rating and issued a $134.00 price target on shares of Wynn Resorts, Limited in a research report on Thursday, October 12th. Telsey Advisory Group restated a market perform rating and issued a $157.00 price target (up previously from $150.00) on shares of Wynn Resorts, Limited in a research report on Monday, October 2nd. UBS AG reiterated a buy rating and issued a $174.00 target price (up previously from $149.00) on shares of Wynn Resorts, Limited in a research report on Friday, September 29th. Finally, Zacks Investment Research upgraded Wynn Resorts, Limited from a hold rating to a buy rating and set a $162.00 target price on the stock in a research report on Tuesday, September 26th. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Wynn Resorts, Limited has a consensus rating of Buy and a consensus price target of $137.52.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 145.33 on Monday. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 54.39 and a beta of 1.67. The stock has a 50 day moving average of $144.38 and a 200 day moving average of $132.38. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business earned $1.07 earnings per share. Wynn Resorts, Limited’s revenue was up 44.5% on a year-over-year basis. On average, equities analysts expect that Wynn Resorts, Limited will post $5.08 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Wynn Resorts, Limited (WYNN) Price Target Raised to $161.00” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/19/wynn-resorts-limited-wynn-price-target-raised-to-161-00.html.

In related news, EVP Kimmarie Sinatra sold 21,451 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,351 shares of company stock worth $9,621,369. 13.20% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. Davidson Kempner Capital Management LP lifted its stake in shares of Wynn Resorts, Limited by 41.7% in the second quarter. Davidson Kempner Capital Management LP now owns 212,500 shares of the casino operator’s stock worth $28,498,000 after acquiring an additional 62,500 shares during the period. W. E. Donoghue & Co. LLC acquired a new position in shares of Wynn Resorts, Limited in the second quarter worth approximately $2,318,000. Lord Abbett & CO. LLC lifted its stake in shares of Wynn Resorts, Limited by 107.1% in the second quarter. Lord Abbett & CO. LLC now owns 525,254 shares of the casino operator’s stock worth $70,447,000 after acquiring an additional 271,575 shares during the period. USA Financial Portformulas Corp acquired a new position in shares of Wynn Resorts, Limited in the second quarter worth approximately $3,431,000. Finally, Sentry Investment Management LLC lifted its stake in shares of Wynn Resorts, Limited by 4.2%

A number of other research analysts have also recently commented on the company. Morgan Stanley raised their price target on Wynn Resorts, Limited from $151.00 to $158.00 and gave the stock an overweight rating in a research report on Friday, October 13th. Stifel Nicolaus restated a hold rating and issued a $134.00 price target on shares of Wynn Resorts, Limited in a research report on Thursday, October 12th. Telsey Advisory Group restated a market perform rating and issued a $157.00 price target (up previously from $150.00) on shares of Wynn Resorts, Limited in a research report on Monday, October 2nd. UBS AG reiterated a buy rating and issued a $174.00 target price (up previously from $149.00) on shares of Wynn Resorts, Limited in a research report on Friday, September 29th. Finally, Zacks Investment Research upgraded Wynn Resorts, Limited from a hold rating to a buy rating and set a $162.00 target price on the stock in a research report on Tuesday, September 26th. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Wynn Resorts, Limited has a consensus rating of Buy and a consensus price target of $137.52.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 145.33 on Monday. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 54.39 and a beta of 1.67. The stock has a 50 day moving average of $144.38 and a 200 day moving average of $132.38. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $150.40.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business earned $1.07 earnings per share. Wynn Resorts, Limited’s revenue was up 44.5% on a year-over-year basis. On average, equities analysts expect that Wynn Resorts, Limited will post $5.08 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Wynn Resorts, Limited (WYNN) Price Target Raised to $161.00” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/19/wynn-resorts-limited-wynn-price-target-raised-to-161-00.html.

In related news, EVP Kimmarie Sinatra sold 21,451 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,351 shares of company stock worth $9,621,369. 13.20% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. Davidson Kempner Capital Management LP lifted its stake in shares of Wynn Resorts, Limited by 41.7% in the second quarter. Davidson Kempner Capital Management LP now owns 212,500 shares of the casino operator’s stock worth $28,498,000 after acquiring an additional 62,500 shares during the period. W. E. Donoghue & Co. LLC acquired a new position in shares of Wynn Resorts, Limited in the second quarter worth approximately $2,318,000. Lord Abbett & CO. LLC lifted its stake in shares of Wynn Resorts, Limited by 107.1% in the second quarter. Lord Abbett & CO. LLC now owns 525,254 shares of the casino operator’s stock worth $70,447,000 after acquiring an additional 271,575 shares during the period. USA Financial Portformulas Corp acquired a new position in shares of Wynn Resorts, Limited in the second quarter worth approximately $3,431,000. Finally, Sentry Investment Management LLC lifted its stake in shares of Wynn Resorts, Limited by 4.2% in the second quarter. Sentry Investment Management LLC now owns 5,940 shares of the casino operator’s stock worth $797,000 after acquiring an additional 237 shares during the period. 70.80% of the stock is currently owned by 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.

The Fly

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

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