Wynn Resorts (NASDAQ:WYNN) had its target price boosted by Susquehanna Bancshares from $211.00 to $214.00 in a report issued on Thursday morning, Marketbeat.com reports. They currently have a positive rating on the casino operator’s stock.
Other analysts also recently issued reports about the stock. Roth Capital reaffirmed a neutral rating and set a $170.00 price objective on shares of Wynn Resorts in a report on Wednesday, February 7th. JPMorgan Chase & Co. raised shares of Wynn Resorts from a neutral rating to an overweight rating in a report on Wednesday, February 7th. BidaskClub downgraded shares of Wynn Resorts from a buy rating to a hold rating in a report on Wednesday, February 14th. Nomura raised shares of Wynn Resorts from a neutral rating to a buy rating and lifted their price objective for the stock from $175.00 to $211.00 in a report on Wednesday, February 7th. Finally, Morgan Stanley downgraded shares of Wynn Resorts from an overweight rating to an equal weight rating and set a $193.00 price objective for the company. in a report on Friday, February 9th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $179.36.
Wynn Resorts (NASDAQ WYNN) opened at $188.89 on Thursday. Wynn Resorts has a 1 year low of $98.82 and a 1 year high of $203.63. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 8.87. The company has a market cap of $19,410.00, a price-to-earnings ratio of 47.58 and a beta of 1.51.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Wednesday, February 14th. Wynn Resorts’s dividend payout ratio is presently 50.38%.
Institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its stake in shares of Wynn Resorts by 6.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 18,408 shares of the casino operator’s stock valued at $2,741,000 after acquiring an additional 1,087 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Wynn Resorts during the third quarter valued at about $418,000. Andra AP fonden raised its stake in shares of Wynn Resorts by 193.8% during the third quarter. Andra AP fonden now owns 9,400 shares of the casino operator’s stock valued at $1,400,000 after acquiring an additional 6,200 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Wynn Resorts by 1.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 130,274 shares of the casino operator’s stock valued at $19,400,000 after acquiring an additional 2,460 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in shares of Wynn Resorts by 7.5% during the third quarter. State of Wisconsin Investment Board now owns 234,048 shares of the casino operator’s stock valued at $34,854,000 after acquiring an additional 16,428 shares during the last quarter. 70.11% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Susquehanna Bancshares Increases Wynn Resorts (WYNN) Price Target to $214.00” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://sportsperspectives.com/2018/03/12/susquehanna-bancshares-increases-wynn-resorts-wynn-price-target-to-214-00.html.
About Wynn Resorts
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.