MGM Resorts International (NYSE:MGM) had its price target increased by Imperial Capital from $20.00 to $22.00 in a research report sent to investors on Thursday morning, Stock Ratings Network.com reports. The firm currently has an outperform rating on the stock.
MGM has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an outperform rating on shares of MGM Resorts International in a research note to investors on Monday, November 4th. They now have a $23.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of MGM Resorts International from $24.00 to $22.00 in a research note to investors on Friday, November 1st. They now have an equal weight rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of MGM Resorts International from $17.00 to $21.00 in a research note to investors on Friday, November 1st. They now have a hold rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. MGM Resorts International presently has an average rating of Buy and an average target price of $22.73.
Shares of MGM Resorts International (NYSE:MGM) traded up 0.63% during mid-day trading on Thursday, hitting $19.21. 2,802,130 shares of the company’s stock traded hands. MGM Resorts International has a 52 week low of $9.15 and a 52 week high of $20.98. The stock’s 50-day moving average is $20.12 and its 200-day moving average is $17.04. The company’s market cap is $9.409 billion.
MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.04. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted ($0.37) earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts expect that MGM Resorts International will post $-0.20 EPS for the current fiscal year.
MGM Resorts International is a holding company. The Company is a hospitality company. The Company’s primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities.
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