"You can see the numbers, business is good for us", Wynn said on a conference call, adding that he saw a "resurgence of activity at the top end in China". Goldman Sachs Group Inc upped their price objective on Wynn Resorts, Limited from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, February 3rd. Zacks Investment Research downgraded shares of Wynn Resorts, Limited from a "buy" rating to a "hold" rating in a research report on Thursday, April 20th. The company now has a consensus rating of "Hold" and a consensus target price of $111.51. That's right - they think these 10 stocks are even better buys. The stock's quarterly performance specifies a shift of 3.65%, and its last twelve month performance is stands at 4.80% while moved -9.27% for the past six months. A total of 2.65 million shares exchanged at hands and its average trading volume is standing at 2.12 million shares. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Hedge funds have recently modified their holdings of the stock. Morgan Stanley reissued an "overweight" rating and set a $119.00 target price on shares of Wynn Resorts, Limited in a research note on Monday, March 13th. Capstone Asset Management Co. now owns 2,684 shares of the casino operator's stock valued at $261,000 after buying an additional 240 shares in the last quarter. BlackRock Fund Advisors now owns 1,270,032 shares of the casino operator's stock worth $123,727,000 after buying an additional 23,211 shares during the period. Hedge funds and other institutional investors own 75.36% of the company's stock. The company founded by Steve Wynn reported first-quarter results that easily topped analysts' forecasts, benefiting from the new Wynn Palace in the Chinese gambling enclave and improvement in its home market of Las Vegas. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of USA & worldwide trademark & copyright laws. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2017/04/27/wynn-resorts-limited-wynn-receives-112-88-consensus-price-target-from-brokerages-updated.html. Based on a recent trade, the shares are 3.04% away from the 52-week high and 33.89% from the 52-week low.
Currently, the stock carries a price to earnings ratio of 52.71, a price to book ratio of 80.25, and a price to sales ratio of 2.83. Wynn Resorts, Limited also was the recipient of some unusual options trading on Tuesday. For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report. This represents an increase of 174% compared to the average volume of 586 put options. The casino operator reported $1.24 EPS for the quarter, beating the consensus estimate of $0.96 by $0.28. The company posted net revenues of $1.48 billion, a striking 47.9% increase year-over-year. During the same period in the prior year, the firm earned $1.07 EPS. BlackRock Fund Advisors raised its stake in shares of Wynn Resorts, Limited by 1.9% in the third quarter.
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And once again Roberto Firmino proved to be the match victor as they reclaimed third spot in the league from Manchester City. There was a sense of irony that West Brom ended up getting undone in that department. "We've got to be better than that".
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 23rd.
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