Wynn Resorts' (WYNN) "Outperform" Rating Reiterated at Macquarie

Wynn Resorts (NASDAQ:WYNN - Get Free Report)'s stock had its "outperform" rating reaffirmed by research analysts at Macquarie in a research report issued on Friday,Benzinga reports. They presently have a $115.00 price target on the casino operator's stock. Macquarie's price target would suggest a potential upside of 29.48% from the company's current price.

• Wynn Resorts: 6 Reasons to Ante Up for the Stock

Several other research firms also recently issued reports on WYNN. Deutsche Bank Aktiengesellschaft reduced their price objective on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group cut their price target on Wynn Resorts from $109.00 to $105.00 and set a "hold" rating on the stock in a research note on Friday, January 3rd. Morgan Stanley increased their price target on Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Mizuho increased their price target on Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Wells Fargo & Company cut their price target on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Three investment 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 company's stock. According to MarketBeat, Wynn Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $119.50.

Check Out Our Latest Analysis on Wynn Resorts

Wynn Resorts Trading Up 10.4 %

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NASDAQ WYNN traded up $8.35 during trading hours on Friday, reaching $88.82. 8,985,441 shares of the company's stock were exchanged, compared to its average volume of 2,841,073. The stock has a market cap 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 has a one year low of $71.63 and a one year high of $110.38. The firm has a fifty day moving average of $85.77 and a 200-day moving average of $86.78.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) 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, research analysts forecast that Wynn Resorts will post 4.69 EPS for the current year.

Hedge Funds Weigh In On Wynn Resorts

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Several hedge funds have recently modified their holdings of WYNN. New Wave Wealth Advisors LLC bought a new position in Wynn Resorts during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Wynn Resorts during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in Wynn Resorts during the fourth quarter worth approximately $36,000. Spire Wealth Management lifted its position in 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 acquiring an additional 234 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Wynn Resorts during the fourth quarter worth approximately $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.

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