How Much More Could Wynn Resorts Stock Fall After Steve Wynn Accusations?
Barclays boosted their price objective on shares of Wynn Resorts from $148.00 to $155.00 and gave the stock an overweight rating in a research note on Friday, October 27th. Gabelli restated a "buy" rating and set a $124.00 target price on shares of Wynn Resorts in a research report on Monday, October 17th. BidaskClub upgraded Wynn Resorts from a hold rating to a buy rating in a report on Tuesday. Zacks Investment Research upgraded Wynn Resorts from a hold rating to a buy rating and set a $188.00 price objective for the company in a report on Wednesday, December 27th.
Wynn Resorts' board has formed a special committee to investigate sexual misconduct allegations involving Chairman and Chief Executive Steve Wynn, the company said late Friday. The hedge fund run by Tim Mullen held 497,486 shares of the major chemicals company at the end of 2017Q3, valued at $13.64 million, down from 532,313 at the end of the previous reported quarter. The company now has an average rating of "Buy" and an average price target of $172.15.
The Wynn Resorts board of directors is launching an investigation into the company CEO's sexual assault allegations. The stock has a market cap of $9.32 billion, a PE ratio of 43.34 and a beta of 1.90. The firm has a 50 day moving average of $94.15 and a 200-day moving average of $96.59. Deutsche Bank maintained Wynn Resorts, Limited (NASDAQ:WYNN) rating on Wednesday, October 12. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and global copyright law.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, January 22nd. (NASDAQ:QRVO) to report $1.43 EPS on February, 7.They anticipate $0.21 EPS change or 17.21% from last quarter's $1.22 EPS. Wynn Resorts had a return on equity of 3,973.99% and a net margin of 5.24%. During the same quarter in the previous year, the firm posted $0.50 EPS. The business's revenue was up 11.4% compared to the same quarter past year. Equities research analysts anticipate that Wynn Resorts will post $3.79 earnings per share for the current fiscal year. Pub Employees Retirement Association Of Colorado invested in 0.02% or 15,789 shares. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.11%. Wynn Resorts's dividend payout ratio (DPR) is presently 27.51%.
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TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was illegally copied and republished in violation of United States and worldwide copyright & trademark law. In November, Macau gaming sales rose over 20%.
Asked whether Wynn planned to step down from his RNC role, company spokesman Michael Weaver said, "Neither Mr. Wynn nor the company have any comment on that". The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. She agreed not to sell shares without the company's permission. 2,312 Chevron Corporation (NYSE:CVX) shares with value of $248,274 were sold by Deily Linnet F. JOHNSON JAMES WILLIAM sold $3.43M worth of stock or 31,000 shares. Also, Director Alvin V. Shoemaker sold 15,000 shares of the company's stock in a transaction dated Wednesday, November 8th. The disclosure for this sale can be found here. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator's stock valued at $169,024,000 after buying an additional 339,550 shares during the period. While that may be true, other founders have been pushed out of the companies they started. Wynn shares dropped 10% on the news. Vanguard Group Inc. raised its position in Wynn Resorts by 3.1% during the second quarter. They now have a $230.00 price target on the casino operator's stock. US Bancorp DE boosted its position in Wynn Resorts by 35.8% in the third quarter. Sun Life Financial INC now owns 1,509 shares of the casino operator's stock worth $203,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Wynn Resorts in the 3rd quarter worth approximately $234,000. The stock has "Buy" rating by Deutsche Bank on Friday, March 18. Hedge funds and other institutional investors own 71.99% of the company's stock.
Wynn Resorts, Limited develops, owns, and operates destination casino resorts. He later built two glass towers adorned with his signature at the north end of Las Vegas Boulevard.
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