Wynn Resorts (WYNN) Given "Buy" Rating at Deutsche Bank

by Dwayne Torres January 31, 2018, 4:15
Wynn Resorts (WYNN) Given

Wynn Resorts shares have plunged almost 18% since the Wall Street Journal published allegations Friday of a pattern of sexual misconduct by Wynn over many years. Goldman Sachs maintained the shares of WYNN in report on Friday, April 1 with "Buy" rating. San Francisco Sentry Inv Group (Ca) reported 0.01% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). The company's past year sales total was 1.48 Million. Wynn Resorts had 70 analyst reports since July 31, 2015 according to SRatingsIntel. The degree to which a PEG ratio value indicates an over or underpriced stock varies by industry and by company type; though a broad rule of thumb is that a PEG ratio below one is desirable.

Many analysts have provided their estimated foresights on Wynn Resorts Ltd. Earnings, with 11 analysts believing the company would generate an Average Estimate of $1.78. Shellback Capital Lp acquired 32,858 shares as Wynn Resorts Ltd (WYNN)'s stock rose 26.92%. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 24.54. The firm has a market capitalization of $16,800.00, a P/E ratio of 22.49 and a beta of 1.73. The company's distance from 52-week high price is -18.40% and the current price is 79.31% away from 52-week low price. Wynn Resorts, Limited has a one year low of $92.67 and a one year high of $203.63.

As a result of the alleged accusations which were reported by the gambling regulator of the biggest gambling hub in the world, the empire built by the founder of the company is suffering great damage an is threatened by taking even bigger hits. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.56 billion. It fall, as 33 investors sold Wynn Resorts, Limited shares while 148 reduced holdings.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Wednesday, February 14th.

Maverick Capital Ltd decreased Wynn Resorts Ltd (WYNN) stake by 30.29% reported in 2017Q3 SEC filing.

In other Wynn Resorts news, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction on Wednesday, November 8th. Paloma Mngmt Communications holds 2,912 shares. Following the transaction, the director now owns 19,162 shares in the company, valued at approximately $2,907,641.88. Also, President Matt Maddox sold 59,260 shares of the firm's stock in a transaction on Monday, November 13th.

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Trading volume is a gauge of how many times a stock is bought and sold in a given time period (most commonly, within a day of trading, known as the average daily trading volume - ADTV).

The stock increased 3.83% or $0.38 during the last trading session, reaching $10.18. The stock showed rise in half yearly performance of 40.83% and maintained strong performance for the year at 88.79%.

Several other equities analysts have also recently commented on WYNN. Moors & Cabot Inc. purchased a new stake in shares of Wynn Resorts in the 3rd quarter valued at $222,000. The returns on investment very popular metric among passive investors, it stands at value missing, when it lies in positive figure than security is feasible for investment or goes for higher ROI stocks.

Wynn Resorts Ltd (WYNN) has a 14-day ATR of 6.98. Teachers Advisors LLC now owns 88,872 shares of the casino operator's stock worth $7,688,000 after buying an additional 5,198 shares during the period. They issued a "buy" rating and a $202.00 price target on the stock. First Personal Financial Services lifted its stake in Wynn Resorts by 102.9% in the third quarter. The stock of Wynn Resorts, Limited (NASDAQ:WYNN) has "Hold" rating given on Wednesday, April 13 by Deutsche Bank.

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes.

Former first lady of Las Vegas Elaine Wynn has denied being the source behind the Wall Street Journal report that accused her ex-husband, casino mogul Steve Wynn, of sexual misconduct dating back decades.

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