Other equities research analysts have also issued reports about the stock. Morgan Stanley dropped their price objective on shares of Wynn Resorts from $135.00 to $130.00 and set an equal weight rating on the stock in a report on Thursday, June 6th. Telsey Advisory Group reaffirmed a market perform rating and issued a $120.00 price target (down from $125.00) on shares of Wynn Resorts in a report on Friday, May 10th. Barclays reaffirmed a buy rating on shares of Wynn Resorts in a report on Wednesday, May 15th. Jefferies Financial Group upped their price target on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a buy rating in a report on Thursday, July 11th. Finally, Deutsche Bank set a $150.00 price target on shares of Wynn Resorts and gave the company a buy rating in a report on Wednesday, August 7th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Wynn Resorts has a consensus rating of Buy and an average price target of $136.93.
Shares of WYNN opened at $105.33 on Wednesday. The firm has a market capitalization of $12.22 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.95. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.00 and a quick ratio of 0.95. Wynn Resorts has a 1-year low of $90.06 and a 1-year high of $151.93. The company’s fifty day moving average price is $124.09 and its 200-day moving average price is $125.79.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Friday, August 16th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.80%. The ex-dividend date is Thursday, August 15th. Wynn Resorts’s payout ratio is 61.16%.
A number of large investors have recently bought and sold shares of WYNN. Point72 Hong Kong Ltd purchased a new stake in Wynn Resorts in the second quarter valued at $31,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Wynn Resorts in the second quarter worth about $35,000. Optimum Investment Advisors acquired a new position in shares of Wynn Resorts in the first quarter worth about $36,000. Manchester Financial Inc. acquired a new position in shares of Wynn Resorts in the second quarter worth about $36,000. Finally, Zions Bancorporation N.A. acquired a new position in shares of Wynn Resorts in the first quarter worth about $41,000. 79.03% of the stock is currently owned by 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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