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MGM Resorts International (NYSE:MGM)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. They currently have a $31.00 price objective on the stock, down from their previous price objective of $32.00. JPMorgan Chase & Co.’s price target suggests a potential upside of 23.31% from the company’s current price.

Shares of MGM Resorts International (NYSE:MGM) traded down 2.86% during mid-day trading on Wednesday, hitting $25.14. 13,307,261 shares of the company’s stock traded hands. 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 $12.334 billion.

MGM Resorts International (NYSE:MGM) last announced its earnings results 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. On average, analysts predict that MGM Resorts International will post $0.51 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Susquehanna raised their price target on shares of MGM Resorts International from $32.00 to $33.00 in a research note on Wednesday. Separately, 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. Finally, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of MGM Resorts International in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. MGM Resorts International has an average rating of “Buy” and a consensus target price of $28.87.

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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