MGM Resorts International (NYSE:MGM) Receives Consensus Rating of “Moderate Buy” from Brokerages

MGM Resorts International (NYSE:MGM) has earned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $51.47.

Several analysts recently issued reports on the stock. Citigroup boosted their target price on shares of MGM Resorts International from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Capital One Financial upped their price objective on MGM Resorts International from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Barclays lifted their target price on MGM Resorts International from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Wells Fargo & Company upped their price target on MGM Resorts International from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Argus raised MGM Resorts International from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Friday, February 14th.

Insider Activity at MGM Resorts International

In other news, Director Keith A. Meister sold 51,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $36.57, for a total value of $1,865,070.00. Following the sale, the director now directly owns 5,687,478 shares in the company, valued at $207,991,070.46. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. MidAtlantic Capital Management Inc. bought a new stake in shares of MGM Resorts International in the 3rd quarter valued at approximately $28,000. Assetmark Inc. raised its holdings in MGM Resorts International by 104.1% during the 4th quarter. Assetmark Inc. now owns 806 shares of the company’s stock valued at $28,000 after buying an additional 411 shares during the period. Global Trust Asset Management LLC bought a new stake in MGM Resorts International in the fourth quarter worth $28,000. Eastern Bank bought a new stake in MGM Resorts International in the third quarter worth $35,000. Finally, True Wealth Design LLC purchased a new position in MGM Resorts International during the fourth quarter worth $33,000. Institutional investors own 68.11% of the company’s stock.

MGM Resorts International Stock Up 0.8 %

MGM opened at $38.38 on Thursday. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 3.24 and a beta of 2.20. The firm has a 50 day moving average price of $34.51 and a 200-day moving average price of $36.78. MGM Resorts International has a twelve month low of $31.61 and a twelve month high of $48.24. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 1.73.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. MGM Resorts International had a return on equity of 21.08% and a net margin of 4.33%. Equities research analysts forecast that MGM Resorts International will post 2.19 earnings per share for the current year.

MGM Resorts International Company Profile

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.