What Are Analysts Opinions On MGM Resorts International (MGM)

20 March, 2017, 18:44 | Author: Leticia Walters
  • What Are Analysts Opinions On MGM Resorts International (MGM)

The target price could hit $37 on the higher end and $29 on the lower end. Sanford C. Bernstein downgraded shares of MGM Resorts International from an "outperform" rating to a "market perform" rating in a report on Thursday, January 19th.

MGM Resorts International (MGM), a stock from Resorts & Casinos Industry, has a value of $26.82 per share, noted a price change of 1.78% in recent trade close.

Hesham Al Qassim, CEO of wasl Asset Management Group commented: "wasl is proud to be working in partnership with such an internationally acclaimed hotel and resort operator; it is a major milestone and we are very excited to be bringing MGM Resorts on our journey to making Dubai the world's best city to visit, work and live in".

MGM Resorts International (NYSE:MGM) remains a strong buy in the latest set of rankings. Traders may also keep an eye on a company's PEG or price to earnings growth ratio. DIAM Co. Ltd. now owns 43,584 shares of the company's stock valued at $1,127,000 after buying an additional 1,675 shares in the last quarter.

Analysts that track the company may use various metrics to aid with calculating target price predictions. Two research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Analyst's mean target price for MGM is $33.39 while analysts mean recommendation is 1.70.

MGM Resorts International (MGM) stock price ended its day with gain 2.95% and finalized at the price of $27.58.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The company rocked its 52-Week High of $30.62 on Dec 8, 2016 and touched its 52-Week Low of $20.14 on Mar 28, 2016. Their 50-Day Simple Moving Average is a difference of -0.32% from current levels. The company reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.07. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. According to the Analysts, the Low Earnings estimate for the current quarter is $0.2, while the High earnings estimate is $0.45.Comparatively, EPS for the same quarter previous year was $0.2. Annual EPS Growth of past 5 years is -19.10%. It has a dividend yield of 1.60%. The shares were sold at an average price of $26.26, for a total transaction of $2,787,761.60. They now have a Dollars 35 price target on the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The 1 analyst gave Hold ratings in recent rating. The disclosure for this sale can be found here.

Wasl Asset Management is responsible for managing assets in non-freehold areas of Dubai. Ltd. boosted its position in MGM Resorts International by 2.5% in the third quarter.

10/14/2016 - MGM Resorts International had its "buy" rating reiterated by analysts at Gabelli. A ROI of 10.70% for the company evaluates and compares the efficiency of the various numbers of investments relative to the cost of investments.

10/06/2016 - MGM Resorts International was upgraded to "buy" by analysts at Argus.

MGM Resorts also owns resorts in other American cities as well as properties in Macau and China. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations.

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