MGM Resorts International Given “” Rating at Telsey Advisory Group (MGM)
MGM Resorts International (NYSE:MGM)‘s stock had its “” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research note issued to investors on Tuesday. They currently have a $30.00 price objective on the stock. Telsey Advisory Group’s price target points to a potential upside of 15.92% from the company’s current price.
MGM has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of MGM Resorts International in a research note on Tuesday. Separately, analysts at Buckingham Research initiated coverage on shares of MGM Resorts International in a research note on Friday, June 27th. They set a “buy” rating and a $32.00 price target on the stock. Finally, analysts at Susquehanna cut their price target on shares of MGM Resorts International from $34.00 to $32.00 in a research note on Monday, June 23rd. They now have a “positive” rating on the stock. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. MGM Resorts International currently has an average rating of “Buy” and a consensus target price of $28.55.
MGM Resorts International (NYSE:MGM) traded down 2.16% during mid-day trading on Tuesday, hitting $25.88. The stock had a trading volume of 19,796,900 shares. MGM Resorts International has a 52 week low of $16.86 and a 52 week high of $28.75. The stock has a 50-day moving average of $26.04 and a 200-day moving average of $25.54. The company’s market cap is $12.697 billion.
MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.10. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that MGM Resorts International will post $0.51 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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