The Wynn Resorts Ltd. (WYNN) Rating Reiterated by Wells Fargo & Co.

The Wynn Resorts Ltd. (WYNN) Rating Reiterated by Wells Fargo & Co.

Wynn Resorts Ltd. (NASDAQ:WYNN)‘s stock had its “neutral” rating reissued by stock analysts at Wells Fargo & Co. in a report released on Monday.

WYNN has been the topic of several other research reports. Deutsche Bank AG reaffirmed a “hold” rating on shares of Wynn Resorts in a research note on Friday, September 16th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Wynn Resorts in a research note on Wednesday, October 5th. Credit Agricole SA reaffirmed an “underperform” rating and issued a $97.00 price target on shares of Wynn Resorts in a research note on Wednesday, August 24th. Vetr raised Wynn Resorts from a “buy” rating to a “strong-buy” rating and set a $101.61 price target on the stock in a research note on Monday, July 4th. Finally, Nomura lowered Wynn Resorts from a “neutral” rating to a “reduce” rating and boosted their price target for the company from $78.00 to $83.00 in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued 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 a consensus price target of $101.91.

Wynn Resorts (NASDAQ:WYNN) opened at 97.70 on Monday. The stock’s 50 day moving average is $98.22 and its 200-day moving average is $96.34. Wynn Resorts has a 1-year low of $49.95 and a 1-year high of $109.50. The firm has a market capitalization of $9.91 billion, a PE ratio of 30.23 and a beta of 1.85.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Thursday, July 28th. The casino operator reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.16. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Wynn Resorts had a return on equity of 3,746.24% and a net margin of 7.67%. Wynn Resorts’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. Equities research analysts forecast that Wynn Resorts will post $3.77 EPS for the current year.

Large investors have recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Wynn Resorts by 44.1% in the first quarter. IFP Advisors Inc now owns 1,069 shares of the casino operator’s stock valued at $100,000 after buying an additional 327 shares during the period. Ngam Advisors L.P. increased its stake in shares of Wynn Resorts by 31.6% in the first quarter. Ngam Advisors L.P. now owns 20,504 shares of the casino operator’s stock valued at $1,916,000 after buying an additional 4,923 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Wynn Resorts by 10.1% in the first quarter. TIAA CREF Investment Management LLC now owns 378,980 shares of the casino operator’s stock valued at $35,408,000 after buying an additional 34,732 shares during the period. Teachers Advisors Inc. increased its stake in shares of Wynn Resorts by 5.0% in the first quarter. Teachers Advisors Inc. now owns 85,306 shares of the casino operator’s stock valued at $7,970,000 after buying an additional 4,079 shares during the period. Finally, BlackRock Group LTD increased its stake in shares of Wynn Resorts by 0.7% in the first quarter. BlackRock Group LTD now owns 635,440 shares of the casino operator’s stock valued at $59,370,000 after buying an additional 4,714 shares during the period. Institutional investors own 74.48% of the company’s stock.

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