Wynn Resorts (NASDAQ:WYNN) Stock Price Expected to Rise, Mizuho Analyst Says

Wynn Resorts (NASDAQ:WYNN) had its target price lifted by equities researchers at Mizuho from $126.00 to $131.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the casino operator’s stock. Mizuho’s price objective would suggest a potential upside of 4.41% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on WYNN. Morgan Stanley upped their price objective on shares of Wynn Resorts from $113.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. Argus raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Wednesday, September 3rd. Jefferies Financial Group raised their price objective on shares of Wynn Resorts from $130.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Zacks Research upgraded shares of Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Wynn Resorts in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.00.

Wynn Resorts Trading Up 0.4%

NASDAQ WYNN traded up $0.45 during trading on Thursday, hitting $125.47. 48,916 shares of the company’s stock were exchanged, compared to its average volume of 2,274,147. The stock’s 50 day moving average price is $123.57 and its two-hundred day moving average price is $108.43. The company has a market cap of $13.05 billion, a PE ratio of 37.71, a P/E/G ratio of 4.94 and a beta of 1.32. Wynn Resorts has a fifty-two week low of $65.25 and a fifty-two week high of $134.23.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, November 6th. The casino operator reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.23). Wynn Resorts had a net margin of 5.51% and a negative return on equity of 56.78%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company posted $0.90 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. Analysts forecast that Wynn Resorts will post 5.17 earnings per share for the current fiscal year.

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 4,438 shares of Wynn Resorts stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total transaction of $554,750.00. Following the transaction, the director owned 3,066 shares in the company, valued at $383,250. The trade was a 59.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wynn Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WYNN. Root Financial Partners LLC acquired a new stake in shares of Wynn Resorts during the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Wynn Resorts in the 3rd quarter valued at $31,000. Atlantic Edge Private Wealth Management LLC lifted its stake in Wynn Resorts by 400.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 250 shares of the casino operator’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Wynn Resorts in the 2nd quarter valued at about $25,000. Finally, AlphaQuest LLC acquired a new stake in shares of Wynn Resorts during the first quarter worth about $25,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.