MGM Resorts International (NYSE:MGM – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $42.00 to $39.00 in a report issued on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.
Other equities research analysts also recently issued research reports about the company. Argus increased their target price on MGM Resorts International from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. HSBC upgraded MGM Resorts International to a “strong-buy” rating in a research report on Thursday, July 30th. Bank of America initiated coverage on MGM Resorts International in a research report on Thursday, September 24th. They issued a “neutral” rating and a $40.00 target price for the company. Capital One Financial boosted their target price on MGM Resorts International from $53.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, September 21st. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $26.00 target price on shares of MGM Resorts International in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.18.
Get Our Latest Stock Analysis on MGM Resorts International
MGM Resorts International Price Performance
Shares of NYSE MGM opened at $29.92 on Thursday. The stock’s 50 day moving average price is $34.79 and its 200-day moving average price is $39.00. The company has a market capitalization of $7.57 billion, a PE ratio of 11.38, a PEG ratio of 1.68 and a beta of 1.35. MGM Resorts International has a twelve month low of $26.71 and a twelve month high of $51.59. The company has a quick ratio of 1.30, a current ratio of 1.24 and a debt-to-equity ratio of 1.68.
MGM Resorts International (NYSE:MGM – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.21 billion. MGM Resorts International had a return on equity of 20.58% and a net margin of 3.92%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, equities analysts anticipate that MGM Resorts International will post 1.71 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in MGM Resorts International during the first quarter valued at approximately $30,000. Latitude Advisors LLC bought a new position in MGM Resorts International in the third quarter worth approximately $27,000. Optiver Holding B.V. purchased a new position in shares of MGM Resorts International during the 1st quarter worth $35,000. Fiduciary Financial Advisors purchased a new position in shares of MGM Resorts International during the 2nd quarter worth $48,000. Finally, Global Retirement Partners LLC bought a new stake in shares of MGM Resorts International during the 2nd quarter valued at $53,000. 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: Digital gaming momentum: BetMGM’s third-quarter net revenue increased 7%, and its first 100 days in Alberta reportedly outperformed the company’s Ontario launch, supporting the growth outlook for MGM’s online betting and iGaming operations. BetMGM Marks 100 Days in Alberta
- Positive Sentiment: Macau remains a bright spot: MGM China reported record third-quarter revenue and adjusted EBITDA, while market share reached a record 17.1%, indicating resilient Chinese gaming demand and execution. MGM China Reports 2026 Third-Quarter Results
- Positive Sentiment: Some operational strength: Las Vegas slot win reached a new resort record, and JPMorgan and Truist kept bullish ratings despite lowering their targets. JPMorgan’s revised target implies substantial upside, while Truist maintained a “buy” rating.
- Neutral Sentiment: People Inc. deal talks ended: MGM’s CEO said the company is no longer pursuing negotiations with People Inc. The decision removes potential transaction uncertainty but also eliminates any near-term expansion catalyst. MGM Ends Deal Talks With People Inc.
- Negative Sentiment: Quarterly earnings missed: MGM posted a third-quarter loss of $0.11 per share, versus analyst expectations for a profit, while revenue was roughly flat year over year. MGM Reports Q3 Loss
- Negative Sentiment: Las Vegas weakness is weighing on sentiment: Lower room rates and weaker regional profitability pressured results, contributing to the stock reaching a new 52-week low. MGM Las Vegas Revenue and Earnings Fall
- Negative Sentiment: Analyst caution increased: Wells Fargo cut its target to $28 and assigned an “equal weight” rating. Stifel also lowered its target to $35 and moved to “hold,” while Truist and JPMorgan reduced their targets despite retaining bullish ratings.
About MGM Resorts International
MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.
The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.
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