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

loading...
loading...

Latest


07 October 2017
Trump taunts GOP with possible health care deal with Dems
President Trump confirmed Saturday that he's made fresh overtures to Senate Democrats in hope of reaching a health care deal. The president has suggested that he'd be open to negotiating with Democrats on health care.

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
Netflix is raising prices on standard and premium subscriptions
This hike in the prices of the subscriptions were expected for a while as the last price hike came in the November of 2015. Beginning on October 19, subscribers will be notified and given at least 30 days notice about the increase.

07 October 2017
Giffords, Kelly Call for Action on Gun Control Following Vegas Shooting
Gabrielle Giffords and her husband Mark Kelly are calling on Congress to act now on gun control legislation. No votes are now scheduled for gun-related measures this week.

07 October 2017
Jimmy kimmel defends NBC News, calls Trump a tornado of fake news
But there's one problem, says Jimmy Kimmel: "No breathing human on the planet Earth produces more fake news than Donald Trump". In response, Trump took to Twitter to refute the story and insist that it was another example of " fake news ".

07 October 2017
Ohio State hosts Maryland in Big Ten home opener: Buckeye Breakfast Gameday
They gave Maryland a lot more than they could handle the last time these two teams met and it could be that way again on Saturday. Duplicating that feat will be important, because the less Maryland sees of the Buckeyes' offense the better.

07 October 2017
Twenty-First Century Fox, Inc. (NASDAQ:FOXA) Stock Ticks 2.31%
TheStreet upgraded shares of Twenty-First Century Fox from a "c+" rating to a "b-" rating in a report on Friday, August 4th. Whereas, in last 21 trading days (one month) was surged 1.97% and plunged in last 63 trading days (quarter) of -3.41%.

07 October 2017
Wyoming man claims to be from the future, warns of alien invasion
Police saw Bryant was visibly intoxicated, with an early breathalyzer test showing his blood alcohol content at.136. As for being drunk, Johnson said the aliens had to fill him with alcohol in order to transport him through time.

07 October 2017
Former Stratford QB Jacob Park takes medical leave from Iowa State team
Jacob Park is not playing or traveling with the Iowa State Cyclones this weekend and the team is not saying why. Before the season Joel Lanning, who started his career at quarterback, made the switch to middle linebacker.

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).