Wynn Resorts (NASDAQ:WYNN) had its price target upped by Susquehanna Bancshares from $211.00 to $214.00 in a research note issued to investors on Thursday, MarketBeat.com reports. Susquehanna Bancshares currently has a positive rating on the casino operator’s stock.
Several other equities analysts have also recently weighed in on the stock. Goldman Sachs Group raised shares of Wynn Resorts from a sell rating to a neutral rating in a research note on Sunday, February 4th. Citigroup set a $228.00 target price on shares of Wynn Resorts and gave the company a buy rating in a research note on Tuesday, January 23rd. Barclays raised their target price on shares of Wynn Resorts to $180.00 and gave the company an overweight rating in a research note on Thursday, December 14th. Nomura raised shares of Wynn Resorts from a neutral rating to a buy rating and raised their target price for the company from $175.00 to $211.00 in a research note on Wednesday, February 7th. Finally, Jefferies Group assumed coverage on shares of Wynn Resorts in a research note on Thursday, January 18th. They set a buy rating and a $202.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts presently has a consensus rating of Buy and an average price target of $179.36.
Wynn Resorts (NASDAQ:WYNN) opened at $188.89 on Thursday. The firm has a market cap of $19,459.07, a price-to-earnings ratio of 25.98 and a beta of 1.51. Wynn Resorts has a 52 week low of $98.82 and a 52 week high of $203.63. The company has a debt-to-equity ratio of 8.87, a quick ratio of 1.74 and a current ratio of 1.77.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $2.00 annualized dividend and a yield of 1.06%. Wynn Resorts’s dividend payout ratio (DPR) is currently 27.51%.
A number of hedge funds have recently added to or reduced their stakes in the business. Mckinley Capital Management LLC Delaware bought a new stake in shares of Wynn Resorts in the 4th quarter worth about $171,000. Calton & Associates Inc. bought a new stake in shares of Wynn Resorts in the 4th quarter worth about $178,000. IBM Retirement Fund bought a new stake in shares of Wynn Resorts in the 4th quarter worth about $201,000. FDx Advisors Inc. bought a new stake in shares of Wynn Resorts in the 4th quarter worth about $203,000. Finally, Segment Wealth Management LLC bought a new stake in shares of Wynn Resorts in the 4th quarter worth about $217,000. Institutional investors and hedge funds own 70.11% of the company’s stock.
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About Wynn Resorts
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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