Wynn Resorts, Limited (WYNN) – What Are Analysts Saying About This Stock?

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have earned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $124.88.

Several research analysts have weighed in on WYNN shares. Argus increased their price target on shares of Wynn Resorts from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley cut their price objective on shares of Wynn Resorts from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Wolfe Research assumed coverage on Wynn Resorts in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $128.00 price objective for the company. UBS Group set a $120.00 target price on Wynn Resorts in a report on Tuesday. Finally, The Goldman Sachs Group set a $102.00 target price on Wynn Resorts in a research report on Tuesday, October 13th.

Wynn Resorts Stock Down 3.2%

Shares of NASDAQ:WYNN opened at $72.73 on Friday. The firm’s 50 day moving average price is $85.03 and its 200-day moving average price is $95.73. Wynn Resorts has a twelve month low of $72.29 and a twelve month high of $134.72. The stock has a market capitalization of $7.49 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 0.87 and a beta of 0.96.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Wynn Resorts will post 4.28 earnings per share for the current fiscal year.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. Wynn Resorts’s dividend payout ratio (DPR) is 24.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WYNN. BlackRock Inc. purchased a new position in shares of Wynn Resorts in the second quarter valued at about $609,566,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Wynn Resorts in the second quarter worth about $321,402,000. Alyeska Investment Group L.P. bought a new position in shares of Wynn Resorts in the second quarter worth about $99,277,000. Bank of America Corp DE purchased a new stake in shares of Wynn Resorts during the second quarter worth about $74,504,000. Finally, Bamco Inc. NY purchased a new stake in shares of Wynn Resorts during the second quarter worth about $67,219,000. 88.64% of the stock is currently owned by institutional investors.

About Wynn Resorts

Wynn Resorts, Ltd. is a developer and operator of luxury integrated resorts, with a focus on destination casinos, hotels, restaurants, entertainment venues, retail, and convention facilities. Its properties are designed to combine gaming with premium hospitality and leisure experiences.

The company operates Wynn Las Vegas and Encore Las Vegas in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. These resorts serve visitors in the United States and international markets, offering accommodations, casino gaming, dining, nightlife, retail, spas, entertainment, and meeting and convention services.

Wynn Resorts was founded in 2002 by casino executive Steve Wynn.