Wynn Resorts (NASDAQ:WYNN) Stock Price Expected to Rise, Mizuho Analyst Says

Wynn Resorts (NASDAQ:WYNN) had its price objective increased by analysts at Mizuho from $118.00 to $132.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the casino operator’s stock. Mizuho’s price target indicates a potential upside of 48.62% from the company’s previous close.

Several other research analysts have also recently weighed in on WYNN. Jefferies Financial Group dropped their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft cut their price target on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Barclays decreased their price objective on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company cut their price objective on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.50.

Wynn Resorts Price Performance

Shares of WYNN opened at $88.82 on Friday. The firm has a market capitalization of $9.75 billion, a P/E ratio of 10.95, a PEG ratio of 2.32 and a beta of 1.76. Wynn Resorts has a one year low of $71.63 and a one year high of $110.38. The business has a fifty day moving average of $85.66 and a 200 day moving average of $86.86.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating the consensus estimate of $1.27 by $1.15. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. Analysts expect that Wynn Resorts will post 4.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. New Wave Wealth Advisors LLC purchased a new stake in shares of Wynn Resorts in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Wynn Resorts during the 3rd quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new position in shares of Wynn Resorts during the 4th quarter valued at approximately $36,000. Spire Wealth Management grew its holdings in shares of Wynn Resorts by 116.4% in the fourth quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock valued at $37,000 after purchasing an additional 234 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Wynn Resorts in the fourth quarter worth $45,000. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Company Profile

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.