Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of MGM Resorts International (NYSE:MGM). They set a "buy" rating and a $37.00 target price for the company. Moreover, Shares of MGM has an RSI of 55.46. Telsey Advisory Group increased their target price on shares of MGM Resorts International from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, December 9th.
02/17/2017 - MGM Resorts International had its "buy" rating reiterated by analysts at Instinet. They now have a Dollars 33 price target on the stock. Two analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. These price targets are a consensus analysis of 18 brokers. The Company's shares are trading -1.82% below their 50-day moving average and 4.45% above their 200-day moving average. The price to earnings growth ratio is 0.40 and the price to sales ratio is 1.62. The company rocked its 52-Week High of $30.62 on Dec 8, 2016 and touched its 52-Week Low of $20.14 on Mar 28, 2016.
MGM Resorts International (MGM) surged 0.09% during the last session.
MGM Resorts International (NYSE:MGM) last announced its earnings results on Thursday, February 16th.
MGM Resorts International (NYSE:MGM) is expected to post revenue of $2.63 Billion in the current quarter, according to consensus of 14 analysts. MGM Resorts International (MGM) is a part of Services sector and belongs to Resorts & Casinos industry. The business's quarterly revenue was up 12.3% on a year-over-year basis. Current year estimate on EPS consensus is $1.18. Yearly EPS target is $1.18. It has a dividend yield of 1.60%. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". The stock was acquired at an average cost of $26.74 per share, with a total value of $30,751.00. A company with a high P/E ratio usually indicated positive future performance and investors are willing to pay more for this company's shares. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. The shares were sold at an average price of $26.26, for a total transaction of $2,787,761.60. The company's market cap is $15.79 Billion, and the average volume is $8.24 Million. The disclosure for this purchase can be found here. Investors who are keeping close eye on the stock of CenturyLink, Inc. With the volume soaring to 10,592,719 shares, the last trade was called at $26.79. Finally, Aegis initiated coverage on shares of MGM Resorts International in a research report on Tuesday, December 20th. TIAA CREF Investment Management LLC boosted its position in MGM Resorts International by 5.6% in the third quarter.
Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. (NYSE:HUM) over the last fiscal quarter.
The project was presented to His Highness, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, by officials from both MGM Resorts and wasl Asset Management Group.