MGM Resorts International (NYSE:MGM) Price Target Raised to $33.00 at Wells Fargo & Company

MGM Resorts International (NYSE:MGM) had its target price boosted by Wells Fargo & Company from $30.00 to $33.00 in a research note published on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts have also recently issued reports about the company. 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. Texas Capital raised MGM Resorts International to a “strong-buy” rating in a report on Thursday, January 8th. Morgan Stanley boosted their price target on MGM Resorts International from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, April 8th. Citigroup boosted their price target on MGM Resorts International from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Susquehanna lowered their price target on MGM Resorts International from $46.00 to $45.00 and set a “positive” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, MGM Resorts International presently has an average rating of “Hold” and a consensus price target of $47.12.

MGM Resorts International Stock Down 0.9%

NYSE MGM opened at $38.92 on Thursday. The stock’s 50 day moving average is $37.14 and its 200 day moving average is $35.38. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 1.91. MGM Resorts International has a 12 month low of $29.18 and a 12 month high of $40.94. The stock has a market cap of $9.96 billion, a PE ratio of 54.05 and a beta of 1.35.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts predict that MGM Resorts International will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Iac Inc. acquired 450,000 shares of MGM Resorts International stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of $37.13 per share, with a total value of $16,708,500.00. Following the purchase, the insider directly owned 66,822,350 shares in the company, valued at $2,481,113,855.50. The trade was a 0.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith A. Meister sold 37,500 shares of MGM Resorts International stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $34.27, for a total value 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. The trade was a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.38% of the company’s stock.

Institutional Trading of MGM Resorts International

A number of large investors have recently added to or reduced their stakes in MGM. CYBER HORNET ETFs LLC bought a new stake in MGM Resorts International in the 2nd quarter worth approximately $25,000. Global Retirement Partners LLC increased its stake in MGM Resorts International by 55.9% in the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock worth $29,000 after acquiring an additional 281 shares during the last quarter. Mather Group LLC. bought a new stake in MGM Resorts International in the 3rd quarter worth approximately $33,000. Elyxium Wealth LLC bought a new stake in MGM Resorts International in the 4th quarter worth approximately $42,000. Finally, City Holding Co. bought a new stake in MGM Resorts International in the 4th quarter worth approximately $44,000. Institutional investors own 68.11% of the company’s stock.

MGM Resorts International News Summary

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

About MGM Resorts International

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.