Wynn Resorts (NASDAQ:WYNN) Price Target Raised to $132.00 at Mizuho

Wynn Resorts (NASDAQ:WYNN) had its price target upped by Mizuho from $118.00 to $132.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the casino operator’s stock.

WYNN has been the subject of a number of other research reports. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Wynn Resorts in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Morgan Stanley lifted their target price on Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group decreased their target price on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.50.

Wynn Resorts Price Performance

WYNN opened at $88.82 on Friday. The business’s 50-day moving average is $85.66 and its two-hundred day moving average is $86.83. Wynn Resorts has a 1 year low of $71.63 and a 1 year high of $110.38. The firm has a market capitalization of $9.75 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. As a group, sell-side analysts expect that Wynn Resorts will post 4.69 EPS for the current year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, February 24th. Wynn Resorts’s dividend payout ratio (DPR) is presently 12.33%.

Institutional Trading of Wynn Resorts

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

About Wynn Resorts

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.