Wynn Resorts (NASDAQ:WYNN) Given a $67.00 Price Target by UBS Group Analysts

Wynn Resorts (NASDAQ:WYNNGet Rating) received a $67.00 price target from research analysts at UBS Group in a report released on Monday, Stock Target Advisor reports. UBS Group’s target price would suggest a potential upside of 21.91% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Wynn Resorts from $97.00 to $79.00 in a research report on Wednesday, May 11th. Morgan Stanley lowered their price objective on shares of Wynn Resorts from $123.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wynn Resorts from $123.00 to $92.00 in a research report on Wednesday, May 11th. StockNews.com started coverage on shares of Wynn Resorts in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Citigroup upgraded shares of Wynn Resorts from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $98.00 to $96.50 in a research report on Friday, April 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $100.54.

Shares of Wynn Resorts stock traded up $0.47 on Monday, hitting $54.96. 166,201 shares of the company’s stock traded hands, compared to its average volume of 3,289,231. The firm’s 50-day moving average price is $66.46 and its two-hundred day moving average price is $77.95. The stock has a market capitalization of $6.37 billion, a PE ratio of -9.59 and a beta of 2.22. Wynn Resorts has a one year low of $53.60 and a one year high of $128.48.

Wynn Resorts (NASDAQ:WYNNGet Rating) last issued its earnings results on Tuesday, May 10th. The casino operator reported ($1.21) EPS for the quarter, missing the consensus estimate of ($1.15) by ($0.06). The business had revenue of $953.40 million for the quarter, compared to the consensus estimate of $986.35 million. The business’s revenue was up 31.4% on a year-over-year basis. During the same period last year, the firm earned ($2.41) EPS. Research analysts expect that Wynn Resorts will post -3.02 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Wynn Resorts by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 11,054,684 shares of the casino operator’s stock valued at $881,500,000 after purchasing an additional 113,816 shares during the last quarter. BlackRock Inc. lifted its stake in Wynn Resorts by 0.4% in the 1st quarter. BlackRock Inc. now owns 6,846,725 shares of the casino operator’s stock valued at $545,957,000 after purchasing an additional 30,460 shares during the last quarter. State Street Corp lifted its stake in Wynn Resorts by 3.7% in the 4th quarter. State Street Corp now owns 4,110,591 shares of the casino operator’s stock valued at $349,565,000 after purchasing an additional 146,960 shares during the last quarter. Geode Capital Management LLC lifted its stake in Wynn Resorts by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,960,369 shares of the casino operator’s stock valued at $166,296,000 after purchasing an additional 52,146 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Wynn Resorts by 3.8% in the 1st quarter. Invesco Ltd. now owns 1,282,504 shares of the casino operator’s stock valued at $102,267,000 after purchasing an additional 46,467 shares during the last quarter. Institutional investors own 62.72% of the company’s stock.

Wynn Resorts Company Profile (Get Rating)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays.

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