MGM Resorts International (MGM) Receives ‘Analyst’ Rating

MGM Resorts International (MGM) : 10 brokerage houses believe that MGM Resorts International (MGM) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.13.

MGM Resorts International (MGM) : 9 investment research analysts covering MGM Resorts International (MGM) have an average price target of $29.22 for the near short term. The highest target price given by the Brokerage Firm to the stock is $31 and the lowest target is $27 for the short term. Analysts expect the variance to be within $1.09 of the average price.


Also, Buckingham Research initiates coverage on MGM Resorts International (NYSE:MGM) The brokerage firm has issued a Buy rating on the shares. The rating by the firm was issued on August 11, 2016.

MGM Resorts International (NYSE:MGM): After opening at $25.27, the stock dipped to an intraday low of $25.15 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $25.65 and the buying power remained strong till the end. The stock closed at $25.54 for the day, a gain of 1.27% for the day session. The total traded volume was 6,039,027. The stocks close on the previous trading day was $25.22.

MGM Resorts International is a holding company. Through its wholly owned subsidiaries, the Company owns and operates casino resorts. The Company operates in two segments: wholly owned domestic resorts and MGM China. The wholly owned domestic resorts segment includes non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a variety of table games, and race and sports book wagering. It operates over 15 wholly owned resorts in the United States. The MGM China segments operations consist of the MGM Macau resort and casino (MGM Macau) and the development of a gaming resort in Cotai, Macau. It owns and operates two resorts in Mississippi, which includes Beau Rivage in Biloxi and Gold Strike Tunica. It also owns Shadow Creek, Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.