Jueves, 23 Marcha, 2017

Wynn Resorts, Limited (NASDAQ:WYNN) Achieves New High

Rendering of Paradise Park in Las Vegas Rendering of Paradise Park in Las Vegas. Image source Wynn Resorts
Manuel Armenta | 21 Marcha, 2017, 02:45

Shares of Wynn Resorts Ltd. rallied 11 percent on the Nasdaq this week after two U.S banks said business at the worldwide casino operator is better than anticipated. They now have a $119.00 price objective on the casino operator's stock.

WYNN has been the subject of several analyst reports.

11/29/2016 - Wynn Resorts, Limited had its "buy" rating reiterated by analysts at Citigroup. Wynn Resorts, Limited has recorded a 50-day average of $98.98 and a two hundred day average of $95.79. Morgan Stanley reissued an "overweight" rating and set a $119.00 target price on shares of Wynn Resorts, Limited in a research note on Monday, March 13th. They now have a Dollars 100 price target on the stock. They issued a neutral rating and a $87.00 price objective on the stock. All in all, at least 18 firms offered a rating of Wynn Resorts, with two marking it a "sell", nine giving it a "hold" rating and seven considering it a "buy" for an average rating of a hold. The current consensus recommendation provided by covering analysts is 2.70. Doheny Asset Management CA now owns 7,375 shares of the casino operator's stock valued at $718,000 after buying an additional 180 shares during the last quarter. The stock has a market capitalization of $11.20 billion, a P/E ratio of 46.30 and a beta of 1.90. The firm's 50-day moving average is $99.40 and its 200-day moving average is $95.93. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $109.92. For the past month, Wynn Resorts, Limited's stock has been 10.42%, 20.17% for the last quarter, 2.51% for the past six months and 26.77% for the past 52 weeks. The casino operator reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.86 by $0.36. The company had revenue of $1300.00 million for the quarter, compared to analysts expectations of $1239.15 million.

02/03/2017 - Wynn Resorts, Limited had its "neutral" rating reiterated by analysts at Goldman Sachs. The average twelve-month target price among brokers that have covered the stock in the a year ago is $107.20. During the same period past year, the company posted $1.03 EPS.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. The ex-dividend date was Friday, February 10th. The net money flow till latest update was calculated at $1.24 million with an inflow of $3.76 million in upticks and an outflow of $2.52 million in downticks.

01/27/2017 - Wynn Resorts, Limited had its "outperform" rating reiterated by analysts at Telsey Advisory Group. The last session's volume of 2.12 million shares was lower than its average volume of 2.14 million shares. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WYNN. The business's revenue was up 37.3% on a year-over-year basis. Mn Services Vermogensbeheer B.V. now owns 2,072 shares of the casino operator's stock valued at $202,000 after buying an additional 59 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Wynn Resorts, Limited during the fourth quarter valued at $176,000. Lombard Odier Asset Management USA Corp bought a new position in Wynn Resorts, Limited during the third quarter valued at approximately $4,871,000. The fund owned 13,855 shares of the casino operator's stock after selling 920 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Wynn Resorts, Limited during the third quarter valued at about $273,000.