MGM Resorts International Given Buy Rating at Nomura (MGM)
MGM Resorts International (NYSE:MGM)‘s stock had its “buy” rating restated by stock analysts at Nomura in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a $23.00 target price on the stock. Nomura’s price target would indicate a potential upside of 11.76% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of MGM Resorts International (NYSE:MGM) from $21.00 to $25.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of MGM Resorts International (NYSE:MGM) from $20.00 to $23.00 in a research note to investors on Tuesday, September 24th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of MGM Resorts International (NYSE:MGM) from $20.00 to $26.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $21.93.
MGM Resorts International (NYSE:MGM) traded down 0.58% on Thursday, hitting $20.58. 7,717,542 shares of the company’s stock traded hands. MGM Resorts International has a 52-week low of $9.15 and a 52-week high of $20.90. The stock has a 50-day moving average of $18.87 and a 200-day moving average of $15.7. The company’s market cap is $10.076 billion.
MGM Resorts International (NYSE:MGM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.03. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that MGM Resorts International will post $0.01 EPS for the current fiscal year.
MGM Resorts International is a holding company. The Company is a hospitality company. The Company’s primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities.
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