Published: Mon, March 20, 2017
Economy | By Annette Adams

MGM Resorts International (MGM) Stock Rating Reaffirmed by Instinet

MGM Resorts International (MGM) Stock Rating Reaffirmed by Instinet

In ratings table the MGM given BUY ratings by 22 analysts in current phase and 1 analyst suggest it as overweight security. The highest price target outlook for the stock is $37 and the minimum price target estimate is $31. Average recommendation stands as Buy with consensus analysis of 22 Analysts. MGM Resorts International (NYSE:MGM) witnessed a decline in the market cap on Thursday as its shares dropped 0.11% or 0.03 points.

When we look at the Analyst Recommendations of the stock, the company has 2.62 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 14.33. A low P/S can also be effective in valuing growth stocks that have suffered a temporary setback. Their 50-Day Simple Moving Average is a difference of -0.32% from current levels. Based on the filings, last years Annual Earnings was, $1.22.

For the ongoing Fiscal Quarter, 9 analysts have an average earnings forecast of $0.33 per share. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. The companys revenue was up 12.3% compared to the same quarter a year ago. According to the Analysts, the Low Earnings estimate for the current quarter is $0.2, while the High earnings estimate is $0.45.Comparatively, EPS for the same quarter a year ago was $0.2. While in the same Quarter Previous year, the Actual EPS was $0.16. Stockholders of record on Friday, March 10th were paid a $0.11 dividend. Those same analysts are projecting that the stock will reach $25.63 on a short term basis. The stock was acquired at an average cost of $26.74 per share, with a total value of $30,751.00. The company has Beta Value of 1.61 and ATR value of 0.64. The shares were sold at an average price of $26.26, for a total transaction of $2,787,761.60. Overall, 15.36 Million shares exchanged hands versus its average trading volume of 8.24 Million shares. The disclosure for this purchase can be found here. Analyst Recommendation is an outlook of a stock-market analyst on a stock. The company's revenue for the quarter was up 12.3% compared to the same quarter past year. In the last Quarter, MGM reported a surprise Earnings per Share of -35.29%.

11/08/2016 - MGM Resorts International had its " rating reiterated by analysts at Macquarie. A PEG Ratio below one may represent that the company is undervalued.

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. BlackRock Institutional Trust Company N.A. raised its position in shares of MGM Resorts International by 3.2% in the third quarter.

Wasl Asset Management is responsible for managing assets in non-freehold areas of Dubai. Canyon Capital Advisors LLC now owns 17,623,648 shares of the company's stock valued at $458,744,000 after buying an additional 211,912 shares during the period. Additionally, Gabelli & Co Initiated its ratings on the stock to Buy.

Dubai government-owned real estate management firm Wasl Asset Management has selected United States hotel and entertainment company MGM Hospitality to develop, advise and operate a 26-acre branded beachfront development.

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