Wynn Macau Downgraded by Zacks (WYNMF)

They now have a $69.47 price target on the stock. Finally, JPMorgan Chase & Co. upgraded Wynn Macau from an underweight rating to an overweight rating in a research report on Monday, October 5th.

10/5/2015 – Wynn Resorts, Limited was upgraded by analysts at Taglich Brothers from an “underperform” rating to a “market perform” rating. Jefferies Group raised Wynn Macau from an underperform rating to a hold rating in a report on Monday, October 19th. The Company has two segments: Las Vegas Operations and Macau Operations. Additionally, heightened competition and high debt burden pose threats for the company.

It is interesting to note that no analyst has rated the stock as sell despite difficulties that casino companies are facing in Macau and historic downward stock price trend.

USA stocks ended the week up on Friday after China’s surprise interest-rate cut added to optimism that central bankers are taking the proper steps to stimulate growth amid a slowdown of the world’s second-largest economy. They now have a $73.09 price target on the stock.

9/16/2015 – Wynn Resorts, Limited was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. Business Finance News believe that stock price will go up for both corporations, however, based on current financial results and stock price movement, we assume price of LVS stock will surge more in the coming time period. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Strzemp John, officer (EVP, Chief Administrative Ofc) of Wynn Resorts Ltd, had unloaded 10,000 shares at an average price of $104.99 in a transaction dated on July 31, 2015. They now have a $75.24 price target on the stock. The anti-graft corruption drive undertaken by the Chinese government is keeping VIP gamblers at bay, thereby hurting Macau revenues.

Since September 13, depositors of the junket company have been protesting outside Wynn Macau, claiming Dore had rejected their withdrawal of deposits placed with the company following the alleged cage theft. The 50-Day Moving Average price is $-5.50 and the 200 Day Moving Average price is recorded at $37.75. The high end estimate for this time frame is $3.79 with the low being $1.83.

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to reports earnings on October, 27. The casino operator reported $0.86 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. The firm earned $996 million during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business posted $1.95 earnings per share. Wynn Resorts, Limited’s revenue for the quarter was down 27.3% compared to the same quarter previous year. The shares were acquired at an average cost of $67.99 per share, with a total value of $2,411,401.33.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. The 52-week low of the share price is at $50.96. The stock increased 7.00% or $4.42 on October 23, hitting $67.6. The shares have underperformed the S&P 500 by 9.15% during the past week but Wynn Resorts, Limited (NASDAQ:WYNN) has outperformed the index in 4 weeks by 8.05%. The stock was purchased at an average price of $68.00 per share, for a total transaction of $308,244.00.