Deutsche Bank Downgrades Wynn Resorts Limited to Hold

Brokerage firm Deutsche Bank Downgrades its rating on Wynn Resorts Limited(NASDAQ:WYNN). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Deutsche Bank was issued on Apr 13, 2016.

In a different note, On Apr 1, 2016, Goldman Sachs said it Maintains its rating on Wynn Resorts Limited. In the research note, the firm Raises the price-target to $78.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 30, 2016, JP Morgan said it Maintains its rating on Wynn Resorts Limited. In the research note, the firm Raises the price-target to $71.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 22, 2016, Morgan Stanley said it Upgrades its rating on Wynn Resorts Limited. In the research note, the firm Raises the price-target to $77.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 18, 2016, Deutsche Bank said it Maintains its rating on Wynn Resorts Limited. In the research note, the firm Lowers the price-target to $94.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 11, 2016, Sterne Agee CRT said it Downgrades its rating on Wynn Resorts Limited. The shares have been rated ‘Neutral’ by the firm. On Mar 7, 2016, UBS said it Upgrades its rating on Wynn Resorts Limited. The shares have been rated ‘Buy’ by the firm.

Wynn Resorts Limited (WYNN) remained unchanged at the close of Friday session. Even as the volume increased to 18,60,989 ,the shares failed to make any impression and ended at 0 points or 0.00% at $97.67. The trading session commenced at $97.42 and the stock hit a high of $98.66 and touched $96.8101 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $132 and the 52-week low is $49.95. The company has a market cap of $9,938 M and has approximately 10,17,49,906 outstanding shares.

Wynn Resorts Limited(WYNN) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $946.90M. Analysts had an estimated revenue of $948.37M. Earnings per share were $1.03. Analysts had estimated an EPS of $0.76.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2016, Family Limited Partnershi Wynn (CEO) purchased 258,523 shares at $58.48 per share price.Also, On Dec 8, 2015, Stephen A Wynn (CEO) purchased 1,003,977 shares at $63.63 per share price.On Oct 21, 2015, Ray R Irani (director) purchased 40,000 shares at $68.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Wynn Resorts Limited is a developer owner and operator of destination casino resorts which integrate accommodations and amenities including fine dining premium retail offerings distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau Limited which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas Nevada. The company operates through two segments: Macau Operations which includes Wynn Macau and Encore at Wynn Maca and Las Vegas Operations which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284000 square feet of casino space with 498 table games and 625 slot machines two hotel towers and others. Its Las Vegas Operations features approximately 186000 square feet of casino space with 232 table games 1849 slot machines two hotel towers and others.

Leave a Reply

Wynn Resorts Limited - Is it time to Sell?

Top Brokerage Firms are advising their investors on Wynn Resorts Limited. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.