Price Action to Note: What’s Next for Wynn Resorts, Limited After Today’s Big Increase?

Price Action to Note: What's Next for Wynn Resorts, Limited After Today's Big Increase?

The stock of Wynn Resorts, Limited (NASDAQ:WYNN) is a huge mover today! About 2.15 million shares traded hands. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 18.11% since February 29, 2016 and is uptrending. It has outperformed by 5.90% the S&P500.
The move comes after 5 months positive chart setup for the $9.92B company. It was reported on Oct, 3 by Barchart.com. We have $133.86 PT which if reached, will make NASDAQ:WYNN worth $3.27 billion more.

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on October, 20. They expect $0.81 EPS, down 5.81% or $0.05 from last year’s $0.86 per share. WYNN’s profit will be $79.89M for 31.07 P/E if the $0.81 EPS becomes a reality. After $1.07 actual EPS reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts -24.30% negative EPS growth.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Out of 18 analysts covering Wynn Resorts (NASDAQ:WYNN), 8 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 44% are positive. Wynn Resorts has been the topic of 35 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, April 7 by Telsey Advisory Group. As per Friday, July 29, the company rating was downgraded by CLSA. As per Tuesday, March 22, the company rating was upgraded by Morgan Stanley. On Friday, July 8 the stock rating was maintained by UBS with “Buy”. The company was maintained on Thursday, November 19 by Telsey Advisory Group. The firm has “Buy” rating by Credit Agricole given on Wednesday, September 2. On Friday, March 11 the stock rating was downgraded by Sterne Agee CRT to “Neutral”. The stock has “Overweight” rating given by JP Morgan on Thursday, October 8. As per Thursday, September 17, the company rating was downgraded by Vetr. As per Wednesday, April 13, the company rating was maintained by Citigroup.

According to Zacks Investment Research, “Wynn Resorts Limited and its wholly-owned subsidiaries Wynn Las Vegas and Wynn Capital will own and operate Le Reve, which they’ve designed to be the preeminent luxury hotel and destination casino resort in Las Vegas. Le Reve will be situated at the site of the former Desert Inn & Casino on the Las Vegas Strip in Las Vegas, Nevada.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.37, from 1.38 in 2016Q1. The ratio worsened, as 45 funds sold all Wynn Resorts, Limited shares owned while 135 reduced positions. 50 funds bought stakes while 131 increased positions. They now own 75.05 million shares or 4.08% less from 78.24 million shares in 2016Q1.
Financial Bank Of New York Mellon Corporation holds 0.02% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN) for 737,566 shares. Gideon Cap Advisors last reported 13,867 shares in the company. Sumitomo Mitsui Asset Management Ltd owns 6,330 shares or 0.02% of their US portfolio. Retirement Of Alabama last reported 0.02% of its portfolio in the stock. Walleye Trading Ltd Liability has 939 shares for 0% of their US portfolio. Nokota Management Ltd Partnership last reported 0.61% of its portfolio in the stock. Bnp Paribas Arbitrage Sa reported 23,085 shares or 0.01% of all its holdings. Mark Asset Mngmt Corp has 55,083 shares for 1.47% of their US portfolio. Southeastern Asset Tn holds 10.73% or 11.60 million shares in its portfolio. Bridgecreek Inv Lc holds 2.3% or 82,430 shares in its portfolio. Proshare Advisors Limited Liability, a Maryland-based fund reported 7,880 shares. Enterprise Finance Services has invested 0.19% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Pictet & Cie (Europe) Sa accumulated 6,804 shares or 0.13% of the stock. Natl Bank Of America Corporation De last reported 0% of its portfolio in the stock. Moreover, Barr E S & has 2.89% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 263,615 shares.

More important recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: Investorplace.com which released: “Why CalAmp Corp. (CAMP), Cognizant Technology Solutions Corp (CTSH) and Wynn …” on September 30, 2016, also Fool.com published article titled: “3 Stocks With Better Dividends Than Wynn Resorts, Limited”, Fool.com published: “Wynn Resorts, Limited’s Best Moves in 2016 So Far” on September 08, 2016. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) was released by: Schaeffersresearch.com and their article: “Call Buyers Blast Booming Wynn Resorts, Limited (WYNN)” with publication date: September 14, 2016.

WYNN Company Profile

Wynn Resorts, Limited (Wynn Resorts), incorporated on June 3, 2002, 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. The Firm operates through two divisions: Macau Operations and Las Vegas Operations. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau. In Las Vegas, Nevada, it owns and operates Wynn Las Vegas and Encore at Wynn Las Vegas. In addition, the Company is developing an integrated casino resort in Everett, Massachusetts.

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