Other research analysts have also issued research reports about the company. Telsey Advisory Group reiterated a market perform rating and issued a $120.00 price target (down previously from $125.00) on shares of Wynn Resorts in a research report on Friday, May 10th. ValuEngine upgraded Wynn Resorts from a sell rating to a hold rating in a research report on Tuesday, July 9th. Deutsche Bank set a $150.00 target price on Wynn Resorts and gave the company a buy rating in a research report on Wednesday, August 7th. Stifel Nicolaus boosted their target price on Wynn Resorts from $146.00 to $157.00 and gave the company a buy rating in a research report on Friday, May 10th. Finally, Nomura dropped their target price on Wynn Resorts from $142.00 to $126.00 and set a buy rating for the company in a research report on Thursday, August 8th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $136.93.
WYNN opened at $105.33 on Wednesday. The firm has a market cap of $12.22 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.96 and a beta of 1.95. Wynn Resorts has a 12 month low of $90.06 and a 12 month high of $151.93. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 5.00. The stock has a 50-day moving average of $124.09 and a 200 day moving average of $125.79.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Friday, August 16th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $4.00 annualized dividend and a dividend yield of 3.80%. Wynn Resorts’s dividend payout ratio (DPR) is presently 61.16%.
Several institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Wynn Resorts by 42.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 72,181 shares of the casino operator’s stock valued at $8,950,000 after acquiring an additional 21,521 shares in the last quarter. HM Payson & Co. bought a new stake in shares of Wynn Resorts during the second quarter valued at approximately $81,000. Eaton Vance Management bought a new stake in shares of Wynn Resorts during the second quarter valued at approximately $12,809,000. Amundi Pioneer Asset Management Inc. raised its stake in shares of Wynn Resorts by 6.7% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 37,962 shares of the casino operator’s stock valued at $4,707,000 after acquiring an additional 2,372 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Wynn Resorts by 5.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,606 shares of the casino operator’s stock valued at $323,000 after acquiring an additional 137 shares in the last quarter. 79.03% of the stock is owned by hedge funds and other institutional investors.
Wynn Resorts Company Profile
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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