Capital One Financial Issues Positive Forecast for MGM Resorts International (NYSE:MGM) Stock Price

MGM Resorts International (NYSE:MGM) had its target price raised by Capital One Financial from $46.00 to $51.00 in a report published on Friday morning,MarketScreener reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on MGM. JPMorgan Chase & Co. upped their price objective on shares of MGM Resorts International from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group decreased their price objective on shares of MGM Resorts International from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Weiss Ratings restated a “sell (d)” rating on shares of MGM Resorts International in a research report on Monday, December 29th. Berenberg Bank restated a “buy” rating on shares of MGM Resorts International in a research report on Wednesday, February 11th. Finally, Barclays set a $37.00 price objective on shares of MGM Resorts International in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.13.

MGM Resorts International Trading Up 0.2%

Shares of MGM Resorts International stock opened at $38.58 on Friday. MGM Resorts International has a 12-month low of $28.51 and a 12-month high of $40.20. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 51.44 and a beta of 1.35. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 1.91. The company’s 50-day moving average price is $36.49 and its 200-day moving average price is $35.01.

MGM Resorts International (NYSE:MGM) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.96. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.42 billion. MGM Resorts International had a net margin of 1.17% and a return on equity of 26.04%. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts expect that MGM Resorts International will post 2.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MGM Resorts International news, major shareholder Iac Inc. purchased 550,000 shares of MGM Resorts International stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of $37.30 per share, for a total transaction of $20,515,000.00. Following the completion of the transaction, the insider directly owned 66,372,350 shares of the company’s stock, valued at approximately $2,475,688,655. The trade was a 0.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Keith A. Meister sold 37,500 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the transaction, the director owned 5,347,978 shares in the company, valued at $183,275,206.06. The trade was a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.38% of the stock is owned by company insiders.

Institutional Trading of MGM Resorts International

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of MGM Resorts International by 1.5% during the third quarter. Vanguard Group Inc. now owns 23,576,877 shares of the company’s stock valued at $817,175,000 after purchasing an additional 340,629 shares during the period. TD Asset Management Inc boosted its stake in shares of MGM Resorts International by 146.9% during the third quarter. TD Asset Management Inc now owns 92,957 shares of the company’s stock valued at $3,222,000 after purchasing an additional 55,300 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of MGM Resorts International by 109.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 129,115 shares of the company’s stock valued at $4,276,000 after purchasing an additional 67,542 shares during the period. Savant Capital LLC boosted its stake in shares of MGM Resorts International by 100.0% during the third quarter. Savant Capital LLC now owns 62,892 shares of the company’s stock valued at $2,180,000 after purchasing an additional 31,446 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of MGM Resorts International by 423.8% during the third quarter. Thrivent Financial for Lutherans now owns 42,594 shares of the company’s stock valued at $1,476,000 after purchasing an additional 34,463 shares during the period. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Key MGM Resorts International News

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: MGM reached a new 52‑week high, signaling continued investor confidence after recent earnings beats and steady demand trends for leisure and casino activity. MGM stock hits 52-week high at 40.17 USD
• Positive Sentiment: JPMorgan raised its price target on MGM to $42 (from $41) — a modest lift that supports upside expectations even as the firm kept a “neutral” rating. This can buoy sentiment among investors seeking near‑term appreciation. MGM Resorts International (NYSE:MGM) Price Target Raised to $42.00 at JPMorgan Chase & Co.
• Positive Sentiment: CEO Bill Hornbuckle reported meeting China’s vice premier to discuss bilateral tourism — a potential positive for future inbound travel and VIP/wholesale business if it leads to increased Chinese visitation or partnerships. MGM’s Bill Hornbuckle says he met China vice premier He Lifeng in Beijing amid talks on bilateral tourism
• Neutral Sentiment: General market/sector commentary (e.g., IAC coverage) mentioned in feeds is not directly material to MGM but can influence sentiment in leisure/online travel peers. IAC Inc. Has Surged Over 25% In Six Months, Here Is Why?
• Negative Sentiment: Class‑action settlement approval hearings are underway in Canada (British Columbia and Québec) covering a 2019 data incident and a 2023 incident; proposed settlements could lead to multimillion‑dollar payouts and ongoing reputational/legal costs. This is the primary near‑term legal overhang. MGM – CLASS ACTION ARISING OUT OF A 2019 CONFIDENTIALITY INCIDENT INVOLVING PERSONAL INFORMATION
• Negative Sentiment: Coverage notes Canadians could receive up to CAD$20,000 each under the proposed settlement, highlighting direct cash exposure and potential consumer backlash in a key market. Canadians could get up to $20K in multimillion-dollar data breach settlement

MGM Resorts International Company Profile

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.