MGM Resorts International (NYSE:MGM) Receives An Update From Brokers

Regolare Commento Stampare

Analysts' mean recommendation for MGM Resorts International (MGM) stands at 1.70. At recent closing price of $26.79, MGM has a chance to add $6.6 or 24.64% in 52 weeks, based on mean target price ($33.39) placed by analysts.The analyst consensus opinion of 1.7 looks like a buy. Traders may also keep an eye on a company's PEG or price to earnings growth ratio.

Several other brokerages also recently commented on MGM.

MGM Resorts International had its "buy" rating reiterated by analysts at Nomura. JPMorgan Chase & Co. restated an "overweight" rating and set a $39.00 target price on shares of MGM Resorts International in a report on Friday, February 10th. Analyst's mean target price for SFM is $22.94 while analysts mean recommendation is 2.20.

A price target is the projected price level of a financial security stated by an investment analyst.

MGM Resorts International (NYSE:MGM) now has a High Price Target of $37.

By continuing deep analysis, MGM Resorts International (NYSE:MGM) making a luring appeal for passive investors, the firm attains price to earnings ratio of 13.92 and its current ratio stands at 1. MGM Resorts International has a one year low of $20.14 and a one year high of $30.62.

Stock Movements to spotlight: MGM Resorts International's (MGM) is value at $26.82 per share, noted a price change of 1.78%. Based on the filings, last years Annual Earnings was, $1.22.

These analysts also forecasted Growth Estimates for the Current Quarter for MGM to be 93.8%. According to these analysts, the Low Revenue Estimate for MGM Resorts International is 2.58 Billion and the High Revenue Estimate is 2.79 Billion. The companys revenue was up 12.3% compared to the same quarter previous year. The consensus estimate for current quarter is $0.28 and for the current fiscal year, the estimate is $1.18. Analysts predict that MGM Resorts International will post $1.25 EPS for the current year. The ex-dividend date was Wednesday, March 8th. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". The stock was acquired at an average cost of $26.74 per share, for a total transaction of $30,751.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Since street comprises numerous research units and professionals, shares get diverse scores shifting from buy to sell. The stock traded at a volume of 15.43 million shares. The disclosure for this sale can be found here.

12/16/2016 - Goldman Sachs began new coverage on MGM Resorts International giving the company a "buy" rating. The volume of the company in the last trading session was 15.09 Million. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

Hesham Al Qassim, the chief executive of Wasl Asset Management, said the deal "fulfils Wasl's mandate to attract global hospitality players to Dubai, where we are constantly striving to raise the bar in the city by offering tourists, residents and visitors ever-more sensational hospitality and entertainment experiences". Ltd. now owns 65,304 shares of the company's stock valued at $1,700,000 after buying an additional 1,609 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of MGM Resorts International by 5.6% in the third quarter.