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

Wynn Resorts (NASDAQ:WYNN) had its target price boosted by equities research analysts at Mizuho from $118.00 to $132.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the casino operator’s stock. Mizuho’s target price suggests a potential upside of 63.75% from the stock’s current price.

WYNN has been the topic of several other research reports. Jefferies Financial Group cut their price objective on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a research report on Friday, January 3rd. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Wynn Resorts in a report on Tuesday, November 5th. Wells Fargo & Company reduced their price objective on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Barclays cut their target price on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.08.

Wynn Resorts Trading Up 2.9 %

NASDAQ WYNN opened at $80.61 on Friday. Wynn Resorts has a 1-year low of $71.63 and a 1-year high of $110.38. The firm’s fifty day simple moving average is $85.77 and its 200-day simple moving average is $86.78. The company has a market capitalization of $8.85 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 2.32 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating analysts’ consensus estimates 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, analysts predict that Wynn Resorts will post 4.69 EPS for the current year.

Institutional Trading of Wynn Resorts

Hedge funds have recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC bought a new position in Wynn Resorts in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Wynn Resorts in the third quarter worth $31,000. SBI Securities Co. Ltd. bought a new position in Wynn Resorts during the fourth quarter worth $36,000. Spire Wealth Management raised its stake in Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock valued at $37,000 after purchasing an additional 234 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Wynn Resorts in the 4th quarter valued at $45,000. Institutional investors own 88.64% of the company’s stock.

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.