Wynn Resorts, Limited (NASDAQ:WYNN) was upgraded by stock analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report released on Tuesday, The Fly reports.

A number of other research firms have also commented on WYNN. Zacks Investment Research lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Vetr upgraded shares of Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $146.26 target price on the stock in a research report on Thursday, July 27th. Stifel Nicolaus restated a “hold” rating and set a $134.00 price objective (up previously from $128.00) on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. UBS AG downgraded shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Union Gaming Research restated a “hold” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts, Limited presently has a consensus rating of “Hold” and an average target price of $126.32.

Shares of Wynn Resorts, Limited (WYNN) opened at 128.18 on Tuesday. The company has a market capitalization of $13.07 billion, a PE ratio of 47.97 and a beta of 1.72. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $139.67. The stock’s 50 day moving average is $131.66 and its 200 day moving average is $119.38.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company earned $1.07 EPS. The firm’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, equities research analysts anticipate that Wynn Resorts, Limited will post $4.89 EPS for the current fiscal year.

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In other Wynn Resorts, Limited news, Director John J. Hagenbuch sold 1,150 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $128.40, for a total value of $147,660.00. Following the completion of the transaction, the director now owns 11,662 shares of the company’s stock, valued at approximately $1,497,400.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the transaction, the director now directly owns 7,711 shares of the company’s stock, valued at approximately $994,719. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,083 shares of company stock valued at $9,408,785. 13.20% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC raised its position in shares of Wynn Resorts, Limited by 491.9% in the second quarter. Cubist Systematic Strategies LLC now owns 15,390 shares of the casino operator’s stock worth $2,064,000 after buying an additional 12,790 shares during the period. Maverick Capital Ltd. raised its position in shares of Wynn Resorts, Limited by 36.9% in the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after buying an additional 339,550 shares during the period. Gotham Asset Management LLC acquired a new position in shares of Wynn Resorts, Limited during the second quarter worth $528,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of Wynn Resorts, Limited by 442.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 75,048 shares of the casino operator’s stock worth $10,064,000 after buying an additional 61,203 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Wynn Resorts, Limited by 536.1% in the second quarter. Janus Henderson Group PLC now owns 76,433 shares of the casino operator’s stock worth $10,251,000 after buying an additional 64,418 shares during the period. 72.83% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts, Limited Company Profile

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.

The Fly

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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