MGM Resorts International (NYSE:MGM) Price Target Raised to $56.00 at Capital One Financial

MGM Resorts International (NYSE:MGM) had its price objective raised by Capital One Financial from $52.00 to $56.00 in a research note released on Wednesday morning. Capital One Financial currently has an overweight rating on the stock.

MGM has been the topic of several other reports. Susquehanna Bancshares boosted their target price on MGM Resorts International from $53.00 to $56.00 in a research note on Wednesday. Morgan Stanley lifted their price target on MGM Resorts International from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. BTIG Research cut MGM Resorts International from a “buy” rating to a “neutral” rating in a research report on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $50.00 price target on shares of MGM Resorts International in a research report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their price target on MGM Resorts International from $53.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.47.

MGM Resorts International Trading Down 1.4 %

Shares of NYSE:MGM opened at $39.82 on Wednesday. MGM Resorts International has a 12-month low of $31.61 and a 12-month high of $48.24. The business’s fifty day simple moving average is $34.38 and its 200-day simple moving average is $36.81. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $11.85 billion, a PE ratio of 14.22, a P/E/G ratio of 2.94 and a beta of 2.20.

MGM Resorts International (NYSE:MGM) last announced its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.08. MGM Resorts International had a return on equity of 25.84% and a net margin of 5.23%. As a group, equities research analysts predict that MGM Resorts International will post 2.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MGM Resorts International news, Director Keith A. Meister sold 51,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $36.57, for a total transaction of $1,865,070.00. Following the completion of the sale, the director now directly owns 5,687,478 shares in the company, valued at approximately $207,991,070.46. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On MGM Resorts International

A number of large investors have recently made changes to their positions in MGM. MidAtlantic Capital Management Inc. purchased a new stake in shares of MGM Resorts International in the third quarter valued at approximately $28,000. Global Trust Asset Management LLC purchased a new stake in shares of MGM Resorts International in the fourth quarter valued at approximately $28,000. Assetmark Inc. grew its position in shares of MGM Resorts International by 104.1% in the fourth quarter. Assetmark Inc. now owns 806 shares of the company’s stock valued at $28,000 after purchasing an additional 411 shares in the last quarter. Eastern Bank purchased a new stake in shares of MGM Resorts International in the third quarter valued at approximately $35,000. Finally, Global Retirement Partners LLC grew its position in shares of MGM Resorts International by 47.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,250 shares of the company’s stock valued at $43,000 after purchasing an additional 404 shares in the last quarter. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

MGM Resorts International Company Profile

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.