MGM Resorts International Given New $33.00 Price Target at Susquehanna (MGM)
Analysts at Susquehanna upped their target price on shares of MGM Resorts International (NYSE:MGM) from $32.00 to $33.00 in a research report issued to clients and investors on Wednesday. Susquehanna’s price objective points to a potential upside of 27.51% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group reiterated a “” rating on shares of MGM Resorts International in a research note on Tuesday. They now have a $30.00 price target on the stock. Separately, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of MGM Resorts International in a research note on Tuesday. Finally, 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. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $28.61.
MGM Resorts International (NYSE:MGM) traded down 1.16% during mid-day trading on Wednesday, hitting $25.58. 3,600,813 shares of the company’s stock traded hands. MGM Resorts International has a one year low of $16.86 and a one year high of $28.75. The stock’s 50-day moving average is $26.04 and its 200-day moving average is $25.54. The company’s market cap is $12.550 billion.
MGM Resorts International (NYSE:MGM) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue 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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