Wynn Resorts (NASDAQ:WYNN): Credit Suisse Maintains “Neutral” Rating Today, Has a Target of $104/Share

November 9, 2018 - By Alice Reed

Wynn Resorts, Limited (NASDAQ:WYNN) Logo

Investors sentiment increased to 1.48 in 2018 Q2. Its up 0.58, from 0.9 in 2018Q1. It improved, as 52 investors sold Wynn Resorts, Limited shares while 117 reduced holdings. 65 funds opened positions while 185 raised stakes. 79.61 million shares or 1.49% less from 80.81 million shares in 2018Q1 were reported.

State Of Tennessee Treasury Department reported 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN). 1.72 million are owned by Cap International Investors. Ubs Asset Mngmt Americas Incorporated owns 323,627 shares for 0% of their portfolio. Sei Investments invested in 0.05% or 84,647 shares. Utd Advisers Lc has 1,556 shares for 0% of their portfolio. Guggenheim Cap Lc reported 54,065 shares. 34,847 were accumulated by American Grp Incorporated. State Board Of Administration Of Florida Retirement Sys has 128,288 shares for 0.06% of their portfolio. 4.34M are owned by Northern Cross Limited Liability Co. Legal And General Group Inc Public Ltd holds 0.05% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 381,654 shares. Tobam holds 1.34% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 193,816 shares. Mitsubishi Ufj Bk holds 198,689 shares. Israel-based Psagot Invest House Limited has invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). First Advisors Lp owns 161,905 shares or 0.06% of their US portfolio. First Foundation Advisors has 4,912 shares for 0.05% of their portfolio.

Wynn Resorts (NASDAQ:WYNN) Rating Reaffirmed

Credit Suisse now has a $104 target price per share on shares of Wynn Resorts (NASDAQ:WYNN). The target price per share would indicate a potential upside of 5.03 % from the last stock price of Wynn Resorts (NASDAQ:WYNN). This rating was revealed in a report on Thursday morning.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Among 10 analysts covering Wynn Resorts (NASDAQ:WYNN), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Wynn Resorts has $229 highest and $155 lowest target. $186.90’s average target is 88.75% above currents $99.02 stock price. Wynn Resorts had 13 analyst reports since June 4, 2018 according to SRatingsIntel. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Buy” rating by Jefferies on Friday, June 29. The firm has “Hold” rating given on Tuesday, August 7 by Argus Research. The firm has “Buy” rating given on Monday, June 4 by Deutsche Bank. As per Thursday, August 2, the company rating was maintained by Susquehanna. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, August 2 report. The firm has “Neutral” rating given on Thursday, August 2 by Bank of America. The firm has “Buy” rating given on Thursday, August 2 by Stifel Nicolaus. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has “Buy” rating given on Monday, July 9 by Nomura. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, June 26. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, July 10 report.

The stock decreased 13.13% or $14.97 during the last trading session, reaching $99.02. About 13.48M shares traded or 386.90% up from the average. Wynn Resorts, Limited (NASDAQ:WYNN) has declined 7.52% since November 9, 2017 and is downtrending. It has underperformed by 23.14% the S&P500.

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. The company has market cap of $10.76 billion. As of February 15, 2017, the companyÂ’s Wynn Macau resorts had approximately 284,000 square feet of casino space, which offered 303 table games and 957 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 57,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and the Rotunda show. It has a 19.72 P/E ratio. It also owned and operated Wynn Palace resort with a total of approximately 420,000 square feet of casino space that offers 304 table games and 996 slot machines, private gaming salons, sky casinos, and a poker pit; a luxury hotel with a total of 1,706 guest rooms, suites, and villas; 10 food and beverage outlets; 105,000 square feet of retail space; 40,000 square feet of meeting and convention space; recreation and leisure facilities, including a gondola ride, health club, spa, salon, and pool; and public attractions, such as a performance lake and floral art displays.

More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Bizjournals.com which released: “Wynn’s Encore Boston Harbor says it has paid $250M to Mass. workers” on November 08, 2018, also Streetinsider.com with their article: “Weak results keep S&P, Nasdaq lower ahead of Fed decision” published on November 08, 2018, Seekingalpha.com published: “Wynn Resorts +4% after EBITDA gain” on November 07, 2018. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: Nasdaq.com and their article: “Why Wynn Resorts, Ctrip.com International, and Talend Slumped Today” published on November 08, 2018 as well as Nasdaq.com‘s news article titled: “Why Shares of Wynn Resorts, Ltd. Plunged 15% on Thursday” with publication date: November 08, 2018.

Wynn Resorts, Limited (NASDAQ:WYNN) Institutional Positions Chart

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