MGM Resorts International (NYSE:MGM) Price Target Lowered to $41.00 at JPMorgan Chase & Co.

MGM Resorts International (NYSE:MGM) had its price target decreased by JPMorgan Chase & Co. from $42.00 to $41.00 in a research note published on Thursday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Berenberg Bank reissued a “buy” rating on shares of MGM Resorts International in a report on Wednesday, February 11th. UBS Group lowered their price target on MGM Resorts International from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Stifel Nicolaus lowered their price target on MGM Resorts International from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Citigroup lowered their price target on MGM Resorts International from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, KeyCorp raised MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 price target on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, MGM Resorts International has an average rating of “Hold” and a consensus target price of $47.12.

MGM Resorts International Stock Performance

Shares of MGM stock opened at $38.92 on Thursday. The stock’s 50-day moving average is $37.14 and its two-hundred day moving average is $35.38. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 54.05 and a beta of 1.35. MGM Resorts International has a 1 year low of $29.18 and a 1 year high of $40.94. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.20 and a current ratio of 1.23.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). MGM Resorts International had a return on equity of 24.17% and a net margin of 1.03%.The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts predict that MGM Resorts International will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Keith A. Meister sold 37,500 shares of MGM Resorts International stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the completion of the sale, the director directly owned 5,347,978 shares in the company, valued at approximately $183,275,206.06. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Iac Inc. purchased 450,000 shares of MGM Resorts International stock in a transaction dated Tuesday, March 24th. The shares were bought at an average price of $37.13 per share, with a total value of $16,708,500.00. Following the completion of the transaction, the insider owned 66,822,350 shares in the company, valued at approximately $2,481,113,855.50. This trade represents a 0.68% increase in their position. The SEC filing for this purchase provides additional information. 3.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MGM Resorts International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its position in shares of MGM Resorts International by 149.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 34,930 shares of the company’s stock valued at $1,293,000 after acquiring an additional 20,939 shares during the period. Hsbc Holdings PLC increased its stake in shares of MGM Resorts International by 31.0% during the 1st quarter. Hsbc Holdings PLC now owns 254,801 shares of the company’s stock worth $9,415,000 after purchasing an additional 60,340 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of MGM Resorts International by 23.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,242 shares of the company’s stock worth $453,000 after purchasing an additional 2,311 shares in the last quarter. Whittier Trust Co. increased its stake in shares of MGM Resorts International by 2.5% during the 1st quarter. Whittier Trust Co. now owns 10,778 shares of the company’s stock worth $405,000 after purchasing an additional 262 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of MGM Resorts International by 7.0% during the 1st quarter. QRG Capital Management Inc. now owns 34,147 shares of the company’s stock worth $1,264,000 after purchasing an additional 2,233 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting MGM Resorts International

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Record revenue and digital/China strength — MGM reported record consolidated Q1 net revenues, led by MGM China and digital/BetMGM growth, which supports top?line momentum even as margins tighten. MGM Q1 PR
• Positive Sentiment: Asset sale improves liquidity — The company closed the sale of MGM Northfield Park operations for $546M (announced with results), a near?term cash event that can help reduce leverage or fund growth. Northfield Park sale
• Positive Sentiment: Strong MGM China results — MGM China reported double?digit revenue and gaming gains, reinforcing the company’s Macau exposure as a growth engine. MGM China Q1
• Neutral Sentiment: Las Vegas revenue recovery but margin pressure — Las Vegas Strip net revenues rose (helped by conventions), showing demand resilience, though higher costs weighed on EBITDA and margins. This creates earnings upside potential if cost trends stabilize. Las Vegas uptick
• Neutral Sentiment: Mixed analyst actions — Multiple firms updated ratings/targets (Goldman, JPMorgan, Citi, Truist, Wells Fargo, KeyCorp), producing a range of views and modest PT adjustments that could amplify volatility but offer no clear consensus. Analyst updates
• Negative Sentiment: EPS miss and margin squeeze — MGM reported non?GAAP EPS of $0.49 vs. consensus $0.56 (revenues beat), with higher costs and weaker margins driving the earnings shortfall — the primary near?term catalyst for weakness. Earnings miss
• Negative Sentiment: Jefferies downgrade — Jefferies cut MGM to Hold from Buy, trimming its PT and calling out capital?structure concerns and a limited near?term growth outlook, putting additional downside pressure on sentiment. Jefferies downgrade
• Negative Sentiment: Operational headwinds at some properties — Dining and F&B changes (closures/bankruptcy of a food operator at Circus Circus and some buffet closures) highlight property?level disruption that may pressure local revenues and guest experience. Dining shifts

MGM Resorts International Company Profile

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.