Finance

Wynn Resorts, Limited (NASDAQ:WYNN) Stock Rating Reaffirmed by Sanford C. Bernstein

Wynn Resorts, Limited (NASDAQ:WYNN) Stock Rating Reaffirmed by Sanford C. Bernstein

Gabelli reaffirmed a buy rating and set a $230.00 price objective on shares of Wynn Resorts in a research note on Tuesday, January 23rd. Wynn Resorts earned a media sentiment score of 0.15 on Accern's scale. Finally, Deutsche Bank AG reissued a hold rating and issued a $138.00 target price on shares of Wynn Resorts, Limited in a report on Monday, June 5th. Ten research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock.

Price-earnings ratio, also known as P/E ratio, is a tool that is used by shareholders to help decide whether they should buy a stock.

Wynn Resorts Limited (NASDAQ: WYNN) has grabbed attention from the analysts when it experienced a change of -7.83% in the current trading session to trade at $166.17.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at 130.07 on Wednesday. Considering that the stock daily volume of 25863374 shares, this represents a pretty noteworthy shoot in volume. Wynn Resorts has a 12 month low of $92.67 and a 12 month high of $203.63.

Among 29 analysts covering Wynn Resorts (NASDAQ:WYNN), 13 have Buy rating, 1 Sell and 15 Hold. The casino operator reported $1.40 EPS for the quarter, beating the consensus estimate of $1.33 by $0.07. Wynn Resorts, Limited had a return on equity of 205.76% and a net margin of 5.02%. The company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the prior year, the company posted $1.07 EPS. Trump nominated Ricketts as his deputy commerce secretary a year ago, but Ricketts ultimately withdrew his bid in April after struggling to reconcile his family's complicated finances with the Office of Government Ethics. Equities analysts forecast that Wynn Resorts, Limited will post $4.92 earnings per share for the current year. The ex-dividend date is Wednesday, February 14th.

Pat Mulroy, the only woman on the 10-member Wynn board that Steve Wynn chairs, will be joined by retired U.S. Navy Admiral Jay Johnson and M&H Realty Partners and WestLand Capital Chairman John Hagenbuch as independent board members reviewing accusations that Wynn demanded sex from and assaulted several of his resort employees over three decades. The insider Randt Clark T. Jr. sold 3,000 shares worth $387,000. The firm owned 5,400 shares of the casino operator's stock after selling 5,300 shares during the quarter. Following the completion of the transaction, the director now owns 19,162 shares of the company's stock, valued at $2,907,641.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gambling regulators in MA, where Wynn's company is building a casino, are also looking into the allegations. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. The disclosure for this sale can be found here. The stock's quarterly performance specifies a shift of 12.48% and its performance is stands at 58.60% for last twelve month while moved 27.12% for the past six months.

Hedge funds have recently modified their holdings of the stock.

Currently, the 14-day ADX for Wynn Resorts Ltd (WYNN) is sitting at 34.64. Robeco Institutional Asset Management B.V. raised its stake in Wynn Resorts by 26.8% during the fourth quarter.

Wynn Resorts Ltd. (WYNN)'s distance from 200 day simple moving average is 14.49 percent, its distance from 50 day simple moving average is -1.54 percent, while its distance from 20 day simple moving average is -5.95 percent. First Personal Financial Services now owns 1,505 shares of the casino operator's stock worth $254,000 after buying an additional 795 shares during the last quarter. In order to see the clear-cut picture, corporate investors will need to scrutinize the things deeply happening in the stock market. The Ricketts family forged a particularly close relationship with Las Vegas casino magnate Sheldon Adelson, and was entrusted during the campaign to spend Adelson's cash through a pro-Trump super PAC they ran called Future 45.


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