Several other analysts also recently weighed in on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $155.00 target price on shares of Wynn Resorts in a report on Wednesday, May 1st. Bank of America upgraded shares of Wynn Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the company from $150.00 to $165.00 in a research note on Thursday, April 25th. Zacks Investment Research cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Goldman Sachs Group assumed coverage on shares of Wynn Resorts in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $132.00 price objective for the company. Finally, Jefferies Financial Group upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and raised their price objective for the company from $119.00 to $170.00 in a research note on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $151.24.
Shares of NASDAQ:WYNN opened at $135.96 on Thursday. The stock has a market capitalization of $14.61 billion, a PE ratio of 20.79, a PEG ratio of 2.31 and a beta of 1.76. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 5.19. Wynn Resorts has a fifty-two week low of $90.06 and a fifty-two week high of $202.48.
In related news, Director Patricia Mulroy sold 425 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $118.02, for a total value of $50,158.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in WYNN. Parallel Advisors LLC raised its position in Wynn Resorts by 84.2% during the fourth quarter. Parallel Advisors LLC now owns 256 shares of the casino operator’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. JOYN Advisors Inc. raised its position in Wynn Resorts by 1,680.0% during the fourth quarter. JOYN Advisors Inc. now owns 267 shares of the casino operator’s stock worth $26,000 after acquiring an additional 252 shares during the last quarter. Optimum Investment Advisors acquired a new position in Wynn Resorts during the first quarter worth about $36,000. Somerset Trust Co raised its position in Wynn Resorts by 152.7% during the first quarter. Somerset Trust Co now owns 369 shares of the casino operator’s stock worth $44,000 after acquiring an additional 223 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its position in Wynn Resorts by 47.1% during the fourth quarter. AdvisorNet Financial Inc now owns 456 shares of the casino operator’s stock worth $45,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 75.19% of the company’s stock.
Wynn Resorts Company Profile
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.
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