MGM Resorts International's (MGM) "Buy" Rating Reaffirmed at Instinet

MGM Resorts International's (MGM)

Finally, Stifel Nicolaus dropped their target price on shares of MGM Resorts International from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, February 17th. They now have a United States dollars 37 price target on the stock. He writes articles for Analysis of different Companies including news and analyst rating updates.

01/18/2017 - MGM Resorts International was downgraded to " by analysts at Sanford C. Bernstein.

While trading at volume above than average, MGM Resorts International (NYSE:MGM) previous 52-week high was $30.49 and moved up 32.21% over the same period, trading at a volume of 15.36 million. He writes that while MGM has been falling, the S&P Hotels, Resorts & Cruise Lines Index is up some 8%, and MGM's forward EBITDA multiple has shrunk to a near low of nine times. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 56.40. Insiders own 11.90% of MGM Resorts International (MGM) shares.

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.

If we glance over stock price target, the analysts were fairly in stock's favor assigning high price target of 37 and average price target of 33.25.

About MGM Resorts International MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.

MGM Resorts International (NYSE:MGM) last announced its earnings results on Thursday, February 16th. Presently MGM Resorts International (MGM) received consensus rating of " Buy " from analysts, according to FactSet data.

MGM Resorts (MGM) is off more than 7% since the start of the year, a period in which the S&P 500 has risen almost as much. Current year estimate on EPS consensus is $1.18.

For the past 5 years, MGM Resorts International's EPS growth has been almost -19.1%. It has a dividend yield of 1.60%. Also, insider Robert Baldwin sold 106,160 shares of the firm's stock in a transaction on Tuesday, February 28th. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". They now have a Dollars 30 price target on the stock. "1" told the company as a "Hold". The disclosure for this sale can be found here.

Several other brokerages also recently commented on MGM. 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. TIAA CREF Investment Management LLC boosted its position in MGM Resorts International by 5.6% in the third quarter.

11/08/2016 - MGM Resorts International had its "outperform" rating reiterated by analysts at CLSA. Additionally, Gabelli & Co Initiated its ratings on the stock to Buy. Usually, financial analysts consider return on equity ratios in the 15-20% range as an attractive level of investment quality.

10/06/2016 - MGM Resorts International was upgraded to "buy" by analysts at Argus. The Company, through its subsidiaries, owns and operates casino resorts. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities.



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