Published: Wed, January 31, 2018
Finance | By Kristine Clayton

Search narrows for Wynn's successor as RNC finance chair

Search narrows for Wynn's successor as RNC finance chair

Wynn Resorts Limited (NASDAQ: WYNN) has grabbed attention from the analysts when it experienced a change of -7.83% in the current trading session to trade at $166.17. Deutsche Bank now has a $199.00 price objective on the casino operator's stock.

Several other equities analysts have also recently commented on WYNN.

Wynn has called the allegations, reported in a Friday Wall Street Journal story, "preposterous", saying the report was motivated by his ex-wife, Elaine Wynn, as a legal strategy in a court battle over a company share agreement stemming from the couple's 2010 divorce. Citigroup set a $228.00 price objective on shares of Wynn Resorts and gave the company a buy rating in a research note on Tuesday, January 23rd. Even with the recent plunge, shares of Wynn Resorts have almost doubled since the start of 2017, climbing 89%.

Price-earnings ratio, also known as P/E ratio, is a tool that is used by shareholders to help decide whether they should buy a stock. The Company is constructing Wynn Boston Harbor, an integrated casino resort in Everett, Massachusetts. Stifel Nicolaus restated a "hold" rating and set a $134.00 target price on shares of Wynn Resorts in a report on Thursday, October 12th. Analysts' mean recommendation for the stock is 2.00 (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. In the meantime, the stock was trading -9.81% prior to its 52-week high and 59.17% before its 52 week lower trend. Jefferies Group began coverage on Wynn Resorts in a report on Thursday, January 18th. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a net margin of 11.85% and a return on equity of 148.17%. The firm's revenue was up 29.9% compared to the same quarter a year ago.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. The ex-dividend date is Tuesday, August 8th. Wynn Resorts's dividend payout ratio (DPR) is presently 27.51%. Moreover, Snow Capital Management Lp has 0.51% invested in the company for 1.14 million shares.

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).

According to Wynn Resorts, Limited's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 72.37%. 42,900 shares were sold by MADDOX MATT, worth $6.15M. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. The disclosure for this sale can be found here.

The company during the last trade was able to reach a volume of 0.33 million shares. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other?

What Analyst Suggest For Wynn Resorts, Limited (WYNN)? . Finally, Elkhorn Investments LLC acquired a new position in shares of Wynn Resorts, Limited during the fourth quarter worth approximately $756,000.

Wynn Resorts Ltd. (WYNN)'s distance from 200 day simple moving average is 14.49 percent, its distance from 50 day simple moving average is -1.54 percent, while its distance from 20 day simple moving average is -5.95 percent. Sun Life Financial INC now owns 1,509 shares of the casino operator's stock valued at $203,000 after purchasing an additional 1,504 shares in the last quarter.

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.

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