MGM Resorts International PT Raised to $30.00 at Credit Suisse (MGM)
Credit Suisse boosted their price objective on shares of MGM Resorts International (NYSE:MGM) to $30.00 in a research note issued on Thursday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective points to a potential upside of 16.50% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group raised their price target on shares of MGM Resorts International from $27.00 to $28.00 in a research note on Thursday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of MGM Resorts International in a research note on Friday, January 24th. They now have a $30.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of MGM Resorts International from $23.00 to $30.00 in a research note on Tuesday, January 14th. They now have a “positive” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.16.
Shares of MGM Resorts International (NYSE:MGM) traded up 4.10% on Thursday, hitting $26.805. 8,808,328 shares of the company’s stock traded hands. MGM Resorts International has a 52-week low of $11.72 and a 52-week high of $26.70. The stock has a 50-day moving average of $24.81 and a 200-day moving average of $20.86. The company’s market cap is $13.136 billion. MGM Resorts International also was the recipient of some unusual options trading activity on Tuesday. Investors acquired 14,075 put options on the stock. This is an increase of approximately 144% compared to the typical volume of 5,772 put options.
MGM Resorts International (NYSE:MGM) last announced its earnings results on Wednesday, February 19th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.07. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.46 billion. On average, analysts predict that MGM Resorts International will post $0.24 earnings per share 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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