Morgan Stanley Boosts Wynn Resorts (WYNN) Price Target to $199.00


Vetr downgraded Wynn Resorts from a strong-buy rating to a buy rating and set a $211.61 price objective for the a research report on Monday, March 12th. The casino operator reported $2.30 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.98 by $0.32. The stock decreased 1.68% or $3.24 during the last trading session, reaching $190. About 3.44M shares traded. It has outperformed by 43.47% the S&P500. The institutional investor held 66,050 shares of the consumer services company at the end of 2017Q4, valued at $11.14 million, down from 76,434 at the end of the previous reported quarter. The company has market cap of $19.84 billion. The stock increased 0.42% or $0.52 during the last trading session, reaching $125.2.

Nevertheless, the company registered a net loss attributable to Wynn Resorts of $204.3 million or $1.99 per diluted share in the first quarter of 2018, down from a net income of $100.8 million in the first quarter of previous year. LKQ Corporation (NASDAQ:LKQ) has risen 27.90% since April 27, 2017 and is uptrending. It has outperformed by 9.92% the S&P500. Zacks Investment Research raised Wynn Resorts from a "hold" rating to a "buy" rating and set a $102.00 target price on the stock in a report on Thursday, June 30th. Therefore 92% are positive. Wynn Resorts had 37 analyst reports since January 19, 2018 according to SRatingsIntel. The firm has "Buy" rating given on Wednesday, February 7 by CFRA. The firm has "Buy" rating by Roth Capital given on Monday, April 2. Deutsche Bank maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Wednesday, October 12. Jefferies maintained the stock with "Buy" rating in Wednesday, March 21 report. The rating was maintained by Stifel Nicolaus on Wednesday, February 7 with "Hold".

He stayed his Overweight rating and kept a year-end price target of $216. On Friday, March 11 the stock rating was downgraded by Sterne Agee CRT to "Neutral".

Investors sentiment increased to 1.12 in Q4 2017. Its down 0.07, from 1.01 in 2017Q3. 77 funds opened positions while 147 raised stakes. Parkside Finance Bankshares Trust reported 120 shares stake. Caprock Gp holds 1,743 shares or 0.06% of its portfolio. First Republic Mngmt reported 0.01% stake. Visa Inc. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. Toronto Dominion Bankshares holds 0.02% or 34,646 shares in its portfolio. In the capital asset pricing model, beta risk is the only kind of risk for which investors should receive an predictable return higher than the risk-free rate of interest. Cranbrook Wealth Mgmt Ltd Liability Co has invested 0% in Monsanto Company (NYSE:MON). Connecticut-based Conning has invested 0.01% in Wynn Resorts, Limited (NASDAQ:WYNN). Loring Wolcott & Coolidge Fiduciary Advsr Llp Ma has 3,600 shares. Andra Ap stated it has 9,000 shares or 0.03% of all its holdings. Millennium Llc reported 0% of its portfolio in Regional Management Corp. Geode Capital Management LLC now owns 881,513 shares of the casino operator's stock worth $148,308,000 after purchasing an additional 28,066 shares during the period.

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Investors sentiment increased to 1.23 in 2017 Q4.

Since January 9, 2018, it had 0 insider buys, and 1 insider sale for $966,720 activity. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Wynn Resorts by 14.6% in the fourth quarter. IBM Retirement Fund purchased a new stake in Wynn Resorts in the fourth quarter valued at approximately $201,000. Two Sigma Ltd Liability stated it has 4,593 shares. Wynn Resorts traded hands at $182.45 and Las Vegas Sands, at $72.49 on Wednesday. Wynn Resorts presently has a consensus rating of "Buy" and an average price target of $192.48. Northside Management Ltd Liability has invested 0.07% in Wynn Resorts, Limited (NASDAQ:WYNN). The insider MATSCHULLAT ROBERT W sold 6,220 shares worth $707,561.

Construction cranes tower over the Wynn Resorts casino site in Everett, Mass., Thursday, April 26, 2018. Price T Rowe Inc Md accumulated 202,918 shares. Finally, Mackenzie Financial Corp boosted its position in Wynn Resorts by 1,522.7% during the 4th quarter. Out of 5 Wall Street analysts rating Wynn Resorts, 3 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Campbell And Company Inv Adviser Llc has 0.36% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 2,913 shares. Citizens Financial Group, Inc. Crystal Rock Capital Mngmt, Illinois-based fund reported 31,785 shares. The California-based Int Sarl has invested 0.74% in Wynn Resorts, Limited (NASDAQ:WYNN).

Platinum Investment Management Ltd, which manages about $22.00B and $3.77B US Long portfolio, upped its stake in Hanesbrands Inc (NYSE:HBI) by 347,200 shares to 2.44 million shares, valued at $50.97M in 2017Q4, according to the filing. It also increased its holding in Equifax Inc (NYSE:EFX) by 233,603 shares in the quarter, for a total of 697,703 shares, and has risen its stake in Gilead Sciences Inc (NASDAQ:GILD).