Shares of MGM Resorts International (NYSE:MGM) have been given a consensus rating of “Hold” by the fifteen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $33.78.
Several equities research analysts recently issued reports on MGM shares. Zacks Investment Research upgraded MGM Resorts International from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, January 21st. Deutsche Bank reiterated a “hold” rating and set a $33.00 price objective on shares of MGM Resorts International in a research report on Monday, January 28th. Credit Suisse Group reiterated a “neutral” rating and set a $30.00 price objective on shares of MGM Resorts International in a research report on Wednesday, March 20th. Finally, Morgan Stanley increased their price objective on MGM Resorts International from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, February 14th.
In other news, Director Mary Christine Gay bought 3,700 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $27.27 per share, for a total transaction of $100,899.00. Following the purchase, the director now directly owns 18,036 shares in the company, valued at approximately $491,841.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.47% of the company’s stock.
MGM traded down $0.04 during trading on Friday, hitting $27.52. The company’s stock had a trading volume of 4,296,565 shares, compared to its average volume of 6,062,675. MGM Resorts International has a twelve month low of $21.61 and a twelve month high of $36.73. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 0.86. The firm has a market cap of $14.78 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.99 and a beta of 1.38.
MGM Resorts International (NYSE:MGM) last released its quarterly earnings data on Wednesday, February 13th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. MGM Resorts International had a return on equity of 5.23% and a net margin of 3.96%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.01 billion. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Research analysts predict that MGM Resorts International will post 1.05 EPS for the current fiscal year.
About MGM Resorts International
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China. The company operates through two segments, Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
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