Economy

MGM Resorts shares downgraded in wake of Las Vegas massacre

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. They now have a Dollars 33 price target on the stock.

Several analysts recently weighed in on MGM shares.

04/28/2017 - MGM Resorts International had its "buy" rating reiterated by analysts at Aegis Capital. Deutsche Bank AG reissued a "buy" rating and set a $34.00 price target on shares of MGM Resorts International in a research note on Monday, July 3rd. Also, MGM Resorts International (MGM) needs to expand a 17.23% increase it experienced over the past twelve months.

MGM has been the subject of a number of research reports.

12 analysts on average are expecting MGM Resorts International to report earnings of $0.21 per share for the current quarter. A 13 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of MGM or, if they already own its stock, sell it. The stock of MGM Resorts International (NYSE:MGM) earned "Buy" rating by Goldman Sachs on Friday, December 16. Point72 Asia (Hong Kong) Ltd invested 0.04% in MGM Resorts International (NYSE:MGM).

Tightening the gaze, stock performance for the last 5 trading days is 2.50%.

The company is expected to report earnings of $0.35 a share for the next quarter.

MGM Resorts International (MGM)'s distance from 200 day simple moving average is 2.22 percent, its distance from 50 day simple moving average is -3.72 percent, while its distance from 20 day simple moving average is -4.37 percent. MGM Resorts International (NYSE:MGM) has risen 45.28% since October 6, 2016 and is uptrending. MGM Resorts International's dividend payout ratio is now 26.04%.

Stock volatility is a percentage that indicates whether a stock is a desirable purchase. Among active positions in the latest quarter, 217 holders increased their positions by a total of 76.34 million shares, 220 holders decreased the positions by a total of 60.31 million shares, and 49 holders held their positions. About shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since October 6, 2016 and is uptrending.

The consensus recommendation - averaging the work of 25 analysts - of 2.8 for Ford Motor Company (F) points to moderate case. During the same quarter in the prior year, the firm earned $0.29 EPS.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise.

MGM Resorts International (MGM) is expected to post revenue of $2.68 Billion in the current quarter, according to consensus of 11 analysts. On Monday, May 1 Mandekic Anthony Leo sold $370,375 worth of MGM Resorts International (NYSE:MGM) or 11,913 shares. A ratio of under 1 typically indicates that the shares are undervalued. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & global copyright & trademark law. The original version of this news story can be accessed at https://www.equitiesfocus.com/2017/10/05/mgm-resorts-international-mgm-stock-rating-reaffirmed-by-susquehanna-bancshares-inc.html.

COPYRIGHT VIOLATION WARNING: "MGM Resorts International Target of Unusually Large Options Trading (MGM)" was first posted by Week Herald and is the property of of Week Herald. The stock was purchased at an average cost of $26.74 per share, for a total transaction of $30,751.00. Zebra Capital Management Llc bought 6,869 shares as the company's stock rose 10.46% with the market. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. McManus John sold $312,773 worth of MGM Resorts International (NYSE:MGM) on Friday, May 19. A ratio lower than one shows that the price has decreased over that time period. The firm's institutional ownership remained 77.60% while insider ownership included 10.10%. FMR LLC now owns 7,242,214 shares of the company's stock valued at $226,609,000 after purchasing an additional 2,897,242 shares during the last quarter.

Several other analysts have also recently commented on MGM. BlackRock Inc. grew its stake in shares of MGM Resorts International by 9,411.8% during the first quarter.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Employees Retirement Of Texas has 0.11% invested in MGM Resorts International (NYSE:MGM). 19,855 shares valued at $615,686 were sold by SANDERS COREY IAN on Monday, May 1. Stifel Nicolaus maintained MGM Resorts International (NYSE:MGM) rating on Friday, April 28. Following the completion of the transaction, the insider now owns 185,558 shares of the company's stock, valued at $5,754,153.58.

Pioneer Investment Management Inc. increased its position in MGM Resorts International (NYSE:MGM) by 64.0% during the first quarter, according to its most recent disclosure with the SEC. Ladenburg Thalmann Financial Services Inc. raised its stake in MGM Resorts International by 15.5% in the fourth quarter. Toronto Dominion Bank now owns 5,644 shares of the company's stock valued at $177,000 after purchasing an additional 624 shares during the last quarter. The VC1 of MGM Resorts International (NYSE:MGM) is 41. The Company operates in two segments: domestic resorts and MGM China.



Like this

Latest


07 October 2017
Bethesda stands behind its anti-Nazi rhetoric in Tweet
While thoroughly explored in the indie space, political themes and topical issues rarely find their way into AAA blockbusters. As Hines says, Wolfenstein games have always centred around a man helping to save the world from Nazi oppression.

07 October 2017
Watch MLB Playoffs 2017 NLDS Game 1 Online
I don't think we had an extra-base hit, if I'm not mistaken. "He might have hit has high as 91", said Cubs' manager Joe Maddon . Now, the Nationals have lost home-field advantage and any psychological edge, if any , they may have owned.

07 October 2017
GOP Members Of Congress Ask ATF To Reevaluate Bump Stocks
The catalyst behind the change is a firearm accessory called a "bump-fire stock", more commonly known as a bump stock . The NRA has come in for intense criticism for its pro-weapons stance.

07 October 2017
Trump Reaches Out to Democrats in Bid for 'Great' Health Law
Republicans control the House and Senate but have repeatedly failed to pass a health-care bill through the upper chamber. Schumer said Saturday that such an effort by Trump to "make another run at repeal and replace" is "off the table".

07 October 2017
Hurricane Nate could be in Gulf by Saturday
The latest updates from the National Hurricane Center as of 10:30 PM Friday evening show Nate achieving hurricane status. Tropical storm conditions and hurricane conditions are possible within the designated watch areas Saturday night .

07 October 2017
Sexual Assaults Are Becoming More Violent
Noeline Blackwell, the charity's chief executive, highlighted the high number of young people contacting the centre, with... The organisation's chairperson Ann Marie Gill said the sexual assaults reported are becoming increasingly more violent.

07 October 2017
Boardwalk Pipeline Partners LP (NYSE:BWP) Under Analyst Spotlight
It worsened, as 72 investors sold MDT shares while 449 reduced holdings. 129 funds opened positions while 457 raised stakes. The latest exchange of 0.57 Million shares is below its average trading activity of 606.64 Million shares.

07 October 2017
Amazon likely on verge of entering retail drugs business
Reports that Amazon is thinking about taking on the prescription drug industry have sent shares of CVS and Walgreens off a cliff. Amazon's move into the grocery retail business is significantly less regulated than the prescription drug business, though.

07 October 2017
Sainz to replace Palmer at Renault from US GP
However the team will now retain Gasly and recall Kvyat but have not specified what their line-up will be after the U.S. race. Palmer added: "The Japanese Grand Prix will be my last race for Renault". "I wish the team all the best for the future".

07 October 2017
Look at Friday's Game 1 National League Division Series starting pitchers
The Washington Nationals and Arizona Diamondbacks will come back in Game 2 with two of the better left-handers in the game. He has only faced Lester nine times and is 1-for-7 with five strikeouts and a home run (0-for-5 with four K's this year).



Recommended