Published: Tue, February 06, 2018
Sport | By Wilson Duncan

Wynn Resorts' (WYNN) Buy Rating Reaffirmed at Deutsche Bank

Wynn Resorts' (WYNN) Buy Rating Reaffirmed at Deutsche Bank

UBS Group now has $174.00 price target on the casino operator's stock. Maverick Capital Ltd. grew its position in Wynn Resorts by 36.9% during the second quarter. Thrivent Financial For Lutherans increased its position in Wynn Resorts by 4.1% during the second quarter. DSM Capital Partners LLC now owns 679,488 shares of the casino operator's stock worth $101,189,000 after buying an additional 143,042 shares in the last quarter. Finally, Jefferies Group initiated coverage on Wynn Resorts in a report on Thursday, January 18th. M&T Bank Corp now owns 4,504 shares of the casino operator's stock valued at $604,000 after acquiring an additional 621 shares during the period. It dropped, as 8 investors sold Riverview Bancorp, Inc. shares while 19 reduced holdings.

WYNN is now undervalued by -15.22% relative to the average 1-year price target of $196.47 taken from a group of Wall Street Analysts. Following the transaction, the executive vice president now directly owns 226,992 shares of the company's stock, valued at $34,509,593.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. On Friday, September 15 MADDOX MATT sold $6.15 million worth of Wynn Resorts, Limited (NASDAQ:WYNN) or 42,900 shares. The shares were sold at an average price of $151.74, for a total value of $2,276,100.00. The disclosure for this sale can be found here.

WYNN has been the subject of several other research reports. Deutsche Bank reiterated a buy rating and set a $167.00 price target on shares of Wynn Resorts in a report on Tuesday, November 21st. Finally, Citigroup increased their price objective on shares of Wynn Resorts to $161.00 and gave the stock a "buy" rating in a research report on Monday, October 16th. They issued a "buy" rating and a $202.00 price objective for the company. The consensus rating is 2.4, suggesting the market has given up on the stock.

Shares of Wynn Resorts (WYNN) traded up $3.29 during mid-day trading on Monday, hitting $169.85.


Wynn Resorts, Limited (NASDAQ:WYNN) has a beta of 1.58, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. The institutional investor held 1.24 million shares of the basic industries company at the end of 2017Q3, valued at $38.39 million, up from 744,501 at the end of the previous reported quarter. Wynn Resorts had a net margin of 11.85% and a return on equity of 148.17%. Over the past five trading sessions it is 1.22%; 1.27% for the month; 10.28% for the last quarter; 29.78% for the past six-months; and 70.74% for the last 12 months.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. The ex-dividend date of this dividend is Wednesday, February 14th. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since February 6, 2017 and is uptrending.

Neither Thomas Mitchell, the newspaper's editor-in-chief, or publisher, Sherman Frederick, at the time the article was reported could recall the details from the incident.

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