Wynn Resorts, Limited Stock Rating Reaffirmed by Janney Montgomery Scott (WYNN)

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Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “positive” rating reiterated by equities researchers at Janney Montgomery Scott in a research report issued on Monday, AmericanBankingNews.com reports.

In other Wynn Resorts, Limited news, CFO Matt Maddox sold 16,688 shares of the stock on the open market in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $204.23, for a total value of $3,408,190.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 206.00 on Monday. Wynn Resorts, Limited has a one year low of $121.84 and a one year high of $249.31. The stock has a 50-day moving average of $210.7 and a 200-day moving average of $202.1. The company has a market cap of $20.764 billion and a price-to-earnings ratio of 27.55. Wynn Resorts, Limited also was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 3,676,392 shares, a growth of 33.1% from the April 15th total of 2,761,453 shares. Based on an average daily volume of 2,260,601 shares, the short-interest ratio is currently 1.6 days. Currently, 4.6% of the company’s stock are sold short.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Thursday, May 1st. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.07 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $2.03 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts predict that Wynn Resorts, Limited will post $8.88 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, May 13th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Monday, May 5th. They now have a $266.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Wynn Resorts, Limited from $220.00 to $235.00 in a research note on Friday, May 2nd. They now have a “market perform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Wynn Resorts, Limited from $195.00 to $220.00 in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Wynn Resorts, Limited currently has a consensus rating of “Buy” and a consensus price target of $223.71.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. The Company owns and operates two destination casino resorts.

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