Wynn Resorts (NASDAQ:WYNN) had its price target boosted by UBS Group from $77.00 to $85.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the casino operator’s stock.

Several other equities research analysts also recently weighed in on the stock. ValuEngine raised shares of Wynn Resorts from a hold rating to a buy rating in a research report on Tuesday, April 7th. Citigroup raised shares of Wynn Resorts from a neutral rating to a buy rating in a report on Monday, April 13th. Cfra raised shares of Wynn Resorts from a strong sell rating to a hold rating and decreased their price target for the company from $115.00 to $85.00 in a report on Friday, May 8th. TheStreet lowered shares of Wynn Resorts from a c rating to a d+ rating in a report on Tuesday, May 12th. Finally, Standpoint Research raised shares of Wynn Resorts from a hold rating to a buy rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $110.56.

Shares of WYNN traded up $6.23 during midday trading on Friday, hitting $101.61. The company had a trading volume of 10,918,468 shares, compared to its average volume of 5,787,503. The company’s 50 day moving average price is $80.83 and its 200 day moving average price is $105.08. Wynn Resorts has a 52 week low of $35.84 and a 52 week high of $153.41. The company has a debt-to-equity ratio of 11.37, a current ratio of 1.81 and a quick ratio of 1.77.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, May 6th. The casino operator reported ($3.54) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.05) by ($2.49). The company had revenue of $953.70 million during the quarter, compared to the consensus estimate of $887.81 million. Wynn Resorts had a negative return on equity of 17.92% and a negative net margin of 6.49%. Wynn Resorts’s revenue for the quarter was down 42.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS. Equities analysts expect that Wynn Resorts will post -11.67 EPS for the current fiscal year.

In other news, CFO Craig Scott Billings sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $84.77, for a total transaction of $508,620.00. Following the sale, the chief financial officer now owns 84,287 shares in the company, valued at $7,145,008.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Blue Chip Wealth Management Inc. acquired a new stake in shares of Wynn Resorts during the fourth quarter valued at approximately $202,000. Aft Forsyth & Company Inc. acquired a new stake in shares of Wynn Resorts during the fourth quarter valued at approximately $215,000. Amundi Pioneer Asset Management Inc. grew its position in Wynn Resorts by 64.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 62,328 shares of the casino operator’s stock valued at $8,655,000 after purchasing an additional 24,455 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Wynn Resorts during the fourth quarter valued at approximately $501,000. Finally, Bamco Inc. NY purchased a new position in Wynn Resorts during the fourth quarter valued at approximately $16,728,000. Institutional investors and hedge funds own 74.88% of the company’s stock.

About Wynn Resorts

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.

See Also: What is the return on assets (ROA) ratio?

Analyst Recommendations for Wynn Resorts (NASDAQ:WYNN)

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.