Wynn Resorts (WYNN) Receives "Buy" Rating from Jefferies Group

Mae Love
March 12, 2018

Analysts believe that the company has the potential to earn average revenue of $1.71 Billion for the current quarter. The stock increased 1.54% or $2.9 during the last trading session, reaching $191.79. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since March 11, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Robeco Institutional Asset Management increased its stake in Humana Inc (HUM) by 5.13% based on its latest 2017Q3 regulatory filing with the SEC. Private Harbour Investment Management & Counsel Llc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $189.43B market cap company. The institutional investor held 137,119 shares of the medical specialities company at the end of 2017Q3, valued at $33.40M, up from 130,425 at the end of the previous reported quarter. The company has a debt-to-equity ratio of 8.87, a quick ratio of 1.74 and a current ratio of 1.77.

The stock decreased 4.13% or $10.39 during the last trading session, reaching $241.04. About 1.89 million shares traded or 34.50% up from the average. It is down 23.47% since March 12, 2017 and is downtrending. It has underperformed by 39.70% the S&P500.

Among 29 analysts covering Wynn Resorts (NASDAQ:WYNN), 15 have Buy rating, 1 Sell and 13 Hold. Therefore 56% are positive. Roth Capital reaffirmed a "neutral" rating and issued a $170.00 target price on shares of Wynn Resorts in a research report on Wednesday, February 7th. Point72 Asia (Hong Kong) Limited has invested 11.12% in Wynn Resorts, Limited (NASDAQ:WYNN). Bank of America downgraded the shares of WYNN in report on Wednesday, January 31 to "Hold" rating. The firm has "Hold" rating by Telsey Advisory given on Friday, October 27. Employees Retirement Systems Of Texas reported 0.01% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). BMO Capital Markets maintained the shares of COO in report on Thursday, August 31 with "Buy" rating. The rating was maintained by Susquehanna with "Hold" on Friday, January 19. The stock has "Buy" rating by Cleveland on Monday, May 16. The ex-dividend date of this dividend was Wednesday, February 14th. The firm has "Equal-Weight" rating given on Friday, February 9 by Morgan Stanley.

Investors sentiment decreased to 1 in 2017 Q3. Its up 0.11, from 1.12 in 2017Q2. It improved, as 33 investors sold WYNN shares while 148 reduced holdings.

Okada previous year lost his board position at Universal with the board accusing him of misappropriating $20 million in funds. State Board of Administration of Florida Retirement System increased its position in shares of Wynn Resorts by 1.9% in the third quarter. Advisory Net Ltd Company has invested 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN). (NYSE:COO). Gsa Cap Prns Ltd Liability Partnership reported 0.1% of its portfolio in The Cooper Companies, Inc. Co Bancorporation owns 2,209 shares. Connor Clark Lunn Invest accumulated 3,125 shares. 5,866 were reported by Williams Jones And Assocs Ltd Llc. Tarbox Family Office owns 46 shares. Amer Assets Investment Mngmt Limited Liability holds 0.09% or 3,000 shares in its portfolio. Mckinley Capital Management LLC Delaware bought a new stake in Wynn Resorts during the fourth quarter valued at $171,000.

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ILLEGAL ACTIVITY WARNING: "Wynn Resorts' (NASDAQ:WYNN) Buy Rating Reiterated at Jefferies Group" was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. Mackenzie Financial Corporation has 0.02% invested in Wynn Resorts, Limited (NASDAQ:WYNN). Swiss Bankshares has invested 0.05% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Nordea Invest Mngmt invested 0% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN).

Since September 15, 2017, it had 0 buys, and 2 selling transactions for $9.23 million activity. Elmore John R. had sold 20,000 shares worth $1.10 million on Friday, February 23.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, January 22nd. During the same quarter in the previous year, the company earned $0.50 EPS. sell-side analysts expect that Wynn Resorts will post 7.69 EPS for the current year. WYNN's profit will be $182.34M for 26.68 P/E if the $1.77 EPS becomes a reality. The casino operator reported $1.40 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.33 by $0.07. Perrigo Company Plc had 77 analyst reports since October 23, 2015 according to SRatingsIntel. The company was maintained on Tuesday, September 5 by Robert W. Baird. Robert W. Baird has "Buy" rating and $273.0 target. UBS maintained the stock with "Buy" rating in Friday, July 8 report. As per Monday, December 12, the company rating was upgraded by Wells Fargo. On Thursday, July 14 the stock rating was downgraded by JP Morgan to "Neutral". Next Fincl Grp reported 195 shares stake.

Investors sentiment increased to 1.39 in Q3 2017. Its down 0.51, from 1.63 in 2017Q2. It worsened, as 55 investors sold ABBV shares while 640 reduced holdings. Caprock Group Incorporated accumulated 1,711 shares. According to today's trading volume Wynn Resorts Ltd.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. 197,293 are owned by Principal Gru Incorporated. 2,520 are held by Coastline. Price T Rowe Associates Md has 0.18% invested in Perrigo Company plc (NYSE:PRGO). Millennium Mgmt Lc has 459,652 shares. Global X Management Ltd Liability reported 0.02% in The Cooper Companies, Inc. Oakworth Cap Inc has 112 shares for 0% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.08% in Loews Corporation (NYSE:L). Jefferies Group Ltd has 8,769 shares for 0.01% of their portfolio.

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