Wynn Resorts, Limited (NASDAQ:WYNN) Receives $140.00 Average PT from Analysts

Wynn Resorts, Limited (NASDAQ:WYNN) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $140.00.

A number of equities research analysts recently weighed in on WYNN shares. Stifel Nicolaus dropped their price target on Wynn Resorts from $160.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 13th. Mizuho lowered their target price on Wynn Resorts from $134.00 to $133.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Jefferies Financial Group lowered their target price on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 6th. JPMorgan Chase & Co. decreased their price objective on Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Susquehanna decreased their price objective on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, April 16th.

Wynn Resorts Stock Performance

Shares of WYNN stock opened at $97.24 on Thursday. The company has a market capitalization of $10.09 billion, a P/E ratio of 29.03, a P/E/G ratio of 0.88 and a beta of 1.01. Wynn Resorts has a 12 month low of $82.63 and a 12 month high of $134.72. The stock has a 50 day moving average of $102.21 and a two-hundred day moving average of $112.28.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.Wynn Resorts’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $1.07 EPS. Sell-side analysts predict that Wynn Resorts will post 4.72 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 18th. This represents a $1.00 annualized dividend and a yield of 1.0%. Wynn Resorts’s payout ratio is currently 29.85%.

Institutional Trading of Wynn Resorts

Institutional investors have recently modified their holdings of the company. MUFG Securities EMEA plc bought a new stake in shares of Wynn Resorts in the second quarter valued at about $25,000. Root Financial Partners LLC acquired a new stake in shares of Wynn Resorts in the third quarter valued at about $26,000. Hantz Financial Services Inc. raised its stake in Wynn Resorts by 54.9% in the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after buying an additional 89 shares during the period. Cromwell Holdings LLC raised its stake in Wynn Resorts by 68.2% in the fourth quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after buying an additional 103 shares during the period. Finally, SHP Wealth Management bought a new stake in Wynn Resorts in the fourth quarter valued at approximately $32,000. 88.64% of the stock is currently owned by institutional investors.

About Wynn Resorts

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.