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Vetr Inc. Lowers MGM Resorts global to Buy (MGM)
Its total traded volume during last trading session was 18.63 million shares. A total of 5,850 shares were purchased at a price of $115.4 per share. The trade was revealed in a document filed against the Securities & Exchange Commission, which is accessible through this hyperlink.
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Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 103.23 on Friday. The 52-week high of Wynn Resorts, Limited (WYNN:NASDAQ) is $214.5699 and the 52-week low is $93.59. The company’s 50-day moving average is $102.19 and its 200-day moving average is $122.75.
Freeport-McMoRan Inc. (FCX) of the Basic Materials sector is up 2.59% so far today trading at $11.49 at a volume of 1438039 shares.
Analysts are predicting that Wynn Resorts, Limited (NASDAQ:WYNN) will report $0.89 earnings per share when they next issue their quarterly earnings release on or around 2015-10-27. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 29.443. Revenue for the quarter came in at $160.9 million versus the consensus estimate of $160.54 million.
The decline in entertainment revenue was in part because there were fewer in-house shows compared with a year earlier, according to MGM Resorts worldwide.
The business recently declared a quarterly dividend, which will be distributed on Thursday, August 20th. This represents a $2.00 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, August 7th. Still, MGM Resorts beat Bloomberg analyst consensus projections of 11 cents per share. Morgan Stanley reaffirmed an underweight rating on shares of Wynn Resorts, Limited in a report on Thursday, June 18th. Credit Suisse raised Wynn Resorts, Limited from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Barclays restated an “equal weight” rating on shares of MGM Resorts worldwide in a research report on Thursday, July 16th. Finally, Vetr downgraded Wynn Resorts, Limited from a “strong-buy” rating to a “buy” rating and set a $115.48 target price on the stock.in a research report on Thursday. The stock presently has an average rating of Buy and a consensus price target of $25.65. The Company operates in two segments: completely owned national resorts and MGM China.
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At MGM’s wholly owned domestic resorts, which include properties on the Las Vegas Strip and others throughout the U.S., revenue grew 4% to $1.7 billion. In the Macau Special Administrative Region of the People’s Republic of China (Macau) the Company owns and operates Wynn Macau, which includes Encore at Wynn Macau. Around 284,000 square feet of casino space with 498 is featured by its Macau Businesses table towers and others slot machines, two hotel games and 625. (NYSE:LVS), and MGM Resorts worldwide (NYSE:MGM) started the day on a lower note after Macau posted another month with declining gaming revenue.