Wynn Resorts (NASDAQ:WYNN) Upgraded at ValuEngine
WYNN has been the subject of a number of other research reports. BidaskClub raised shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Thursday, July 4th. Bank of America raised shares of Air Products & Chemicals from an underperform rating to a neutral rating and upped their price objective for the company from $170.00 to $215.00 in a research note on Thursday, April 25th. Deutsche Bank cut shares of Hilton Hotels from a buy rating to a hold rating and set a $92.60 price objective for the company. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Jefferies Financial Group increased their price target on shares of Las Vegas Sands from $57.00 to $69.00 and gave the company a hold rating in a research report on Monday, April 8th. Finally, Zacks Investment Research raised shares of Zymeworks from a hold rating to a buy rating and set a $18.00 price target for the company in a research report on Saturday, April 13th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $147.44.
WYNN stock opened at $130.65 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 4.84. Wynn Resorts has a one year low of $90.06 and a one year high of $167.59. The stock has a market cap of $14.03 billion, a PE ratio of 19.98, a PEG ratio of 2.13 and a beta of 1.93. The business has a 50 day moving average of $119.58.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Egerton Capital UK LLP raised its holdings in Wynn Resorts by 201.7% in the 1st quarter. Egerton Capital UK LLP now owns 2,303,387 shares of the casino operator’s stock worth $274,840,000 after purchasing an additional 1,539,927 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Wynn Resorts by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,286,319 shares of the casino operator’s stock worth $127,010,000 after acquiring an additional 91,738 shares in the last quarter. FMR LLC increased its stake in shares of Wynn Resorts by 75.3% in the 1st quarter. FMR LLC now owns 1,235,412 shares of the casino operator’s stock worth $147,409,000 after acquiring an additional 530,731 shares in the last quarter. Northern Trust Corp increased its stake in shares of Wynn Resorts by 0.4% in the 1st quarter. Northern Trust Corp now owns 1,078,283 shares of the casino operator’s stock worth $128,661,000 after acquiring an additional 4,247 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Wynn Resorts by 24.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,029,585 shares of the casino operator’s stock worth $101,837,000 after acquiring an additional 205,157 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.
About Wynn Resorts
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.
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