MGM Resorts International (NYSE:MGM) Stock Gets Price Target Reduction from Stifel Nicolaus

MGM Resorts International (NYSE:MGM) had its target price reduced by Stifel Nicolaus from $40.00 to $35.00 in a report published on Thursday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts also recently commented on MGM. Morgan Stanley decreased their price objective on MGM Resorts International from $43.00 to $29.00 and set an “underweight” rating for the company in a report on Monday, October 19th. Wells Fargo & Company cut their target price on MGM Resorts International from $48.30 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Barclays reduced their price target on shares of MGM Resorts International from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday. Weiss Ratings lowered shares of MGM Resorts International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Finally, Mizuho decreased their price target on shares of MGM Resorts International from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $45.18.

MGM Resorts International Stock Performance

Shares of MGM opened at $29.92 on Thursday. MGM Resorts International has a one year low of $26.71 and a one year high of $51.59. The company has a market cap of $7.57 billion, a PE ratio of 11.38, a P/E/G ratio of 1.68 and a beta of 1.35. The stock has a 50-day moving average of $34.79 and a 200-day moving average of $39.00. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.24 and a quick ratio of 1.30.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Wednesday, October 28th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.21 billion. MGM Resorts International had a return on equity of 20.58% and a net margin of 3.92%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. On average, equities research analysts predict that MGM Resorts International will post 1.71 EPS for the current fiscal year.

Institutional Trading of MGM Resorts International

Several hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in MGM Resorts International during the 3rd quarter worth approximately $1,434,000. ProShare Advisors LLC boosted its holdings in MGM Resorts International by 52.7% in the 3rd quarter. ProShare Advisors LLC now owns 62,344 shares of the company’s stock valued at $1,936,000 after purchasing an additional 21,520 shares during the period. Vise Technologies Inc. boosted its holdings in MGM Resorts International by 8.6% in the 3rd quarter. Vise Technologies Inc. now owns 13,105 shares of the company’s stock valued at $407,000 after purchasing an additional 1,033 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in MGM Resorts International by 98.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 23,800 shares of the company’s stock valued at $739,000 after purchasing an additional 11,800 shares during the period. Finally, Arena Capital Advisors LLC CA purchased a new position in shares of MGM Resorts International during the 3rd quarter valued at $202,000. Institutional investors own 68.11% of the company’s stock.

MGM Resorts International News Roundup

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

• Positive Sentiment: Digital gaming momentum: BetMGM’s third-quarter net revenue increased 7%, and its first 100 days in Alberta reportedly outperformed the company’s Ontario launch, supporting the growth outlook for MGM’s online betting and iGaming operations. BetMGM Marks 100 Days in Alberta
• Positive Sentiment: Macau remains a bright spot: MGM China reported record third-quarter revenue and adjusted EBITDA, while market share reached a record 17.1%, indicating resilient Chinese gaming demand and execution. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: Some operational strength: Las Vegas slot win reached a new resort record, and JPMorgan and Truist kept bullish ratings despite lowering their targets. JPMorgan’s revised target implies substantial upside, while Truist maintained a “buy” rating.
• Neutral Sentiment: People Inc. deal talks ended: MGM’s CEO said the company is no longer pursuing negotiations with People Inc. The decision removes potential transaction uncertainty but also eliminates any near-term expansion catalyst. MGM Ends Deal Talks With People Inc.
• Negative Sentiment: Quarterly earnings missed: MGM posted a third-quarter loss of $0.11 per share, versus analyst expectations for a profit, while revenue was roughly flat year over year. MGM Reports Q3 Loss
• Negative Sentiment: Las Vegas weakness is weighing on sentiment: Lower room rates and weaker regional profitability pressured results, contributing to the stock reaching a new 52-week low. MGM Las Vegas Revenue and Earnings Fall
• Negative Sentiment: Analyst caution increased: Wells Fargo cut its target to $28 and assigned an “equal weight” rating. Stifel also lowered its target to $35 and moved to “hold,” while Truist and JPMorgan reduced their targets despite retaining bullish ratings.

About MGM Resorts International

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.