Aegis Capital Upgrades Wynn Resorts Limited to Buy

Brokerage firm Aegis Capital Upgrades its rating on Wynn Resorts Limited(WYNN). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Aegis Capital was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 27, 2017, Nomura said it Upgrades its rating on Wynn Resorts Limited. The shares have been rated ‘Neutral’ by the firm. Aegis Capital said it Initiates Coverage On Wynn Resorts Limited, according to a research note issued on Dec 22, 2016. In the research note, the firm Announces the price-target to $87 per share. The shares have been rated ‘Neutral’ by the firm.

Wynn Resorts Limited (WYNN) shares turned negative on Fridays trading session with the shares closing down -0.4 points or -0.36% at a volume of 16,66,343. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $113.265. The peak price level was also seen at $113.265 while the days lowest was $110.89. Finally the shares closed at $111.92. The 52-week high of the shares is $114.08 while the 52-week low is $82.51. According to the latest information available, the market cap of the company is $11,442 M.

Wynn Resorts Limited(WYNN) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.300B. Analysts had an estimated revenue of $1.260B. Earnings per share were $0.5. Analysts had estimated an EPS of $0.86.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2017, John Strzemp (EVP, Chief Administrative Ofc) sold 20,000 shares at $100.38 per share price.Also, On Dec 16, 2016, Daniel Boone Wayson (director) purchased 37,500 shares at $93.83 per share price.On Dec 1, 2016, Kimmarie Sinatra (EVP/General Counsel/Secretary) sold 42,343 shares at $99.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Wynn Resorts Limited is a developer owner and operator of destination casino resorts which integrate accommodations and amenities including fine dining premium retail offerings distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau Limited which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas Nevada. The company operates through two segments: Macau Operations which includes Wynn Macau and Encore at Wynn Maca and Las Vegas Operations which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284000 square feet of casino space with 498 table games and 625 slot machines two hotel towers and others. Its Las Vegas Operations features approximately 186000 square feet of casino space with 232 table games 1849 slot machines two hotel towers and others.

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