Wynn Resorts (NASDAQ:WYNN) PT Raised to $138.00 at Stifel Nicolaus

Wynn Resorts (NASDAQ:WYNN) had its price target lifted by investment analysts at Stifel Nicolaus from $135.00 to $138.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the casino operator’s stock. Stifel Nicolaus’ target price indicates a potential upside of 41.99% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Susquehanna upped their price target on shares of Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a report on Thursday, February 8th. UBS Group reduced their price target on shares of Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Barclays lifted their price target on Wynn Resorts from $123.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Macquarie upped their price objective on Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. lifted their target price on Wynn Resorts from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.93.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $97.19 on Wednesday. Wynn Resorts has a 1 year low of $81.65 and a 1 year high of $113.50. The stock’s 50-day simple moving average is $100.08 and its 200-day simple moving average is $95.40. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 16.25 and a beta of 1.91.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.16. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.80 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. Wynn Resorts’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. As a group, research analysts predict that Wynn Resorts will post 5.37 EPS for the current year.

Institutional Trading of Wynn Resorts

A number of large investors have recently modified their holdings of WYNN. Blue Trust Inc. grew its position in Wynn Resorts by 3,000.0% in the 4th quarter. Blue Trust Inc. now owns 279 shares of the casino operator’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Wynn Resorts during the fourth quarter worth approximately $27,000. Sunbelt Securities Inc. grew its holdings in Wynn Resorts by 4,285.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 307 shares of the casino operator’s stock worth $28,000 after buying an additional 300 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in Wynn Resorts in the 1st quarter valued at approximately $37,000. Finally, GAMMA Investing LLC bought a new stake in Wynn Resorts during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

About Wynn Resorts

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.