MGM Resorts International (NYSE:MGM – Get Free Report) Director Daniel J. Taylor sold 4,344 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $41.02, for a total transaction of $178,190.88. Following the transaction, the director now owns 5,250 shares in the company, valued at approximately $215,355. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
MGM Resorts International Trading Down 1.5 %
MGM opened at $40.20 on Thursday. The firm’s fifty day moving average is $43.12 and its two-hundred day moving average is $42.76. The firm has a market cap of $12.61 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.90 and a beta of 2.22. MGM Resorts International has a twelve month low of $34.12 and a twelve month high of $51.35. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.46 and a current ratio of 1.51.
MGM Resorts International (NYSE:MGM – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.56 by $0.18. MGM Resorts International had a return on equity of 23.62% and a net margin of 5.35%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that MGM Resorts International will post 2.9 EPS for the current year.
Hedge Funds Weigh In On MGM Resorts International
Analyst Ratings Changes
MGM has been the topic of a number of research reports. StockNews.com lowered shares of MGM Resorts International from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Macquarie reissued an “outperform” rating and issued a $58.00 target price on shares of MGM Resorts International in a research note on Wednesday, February 14th. TheStreet raised MGM Resorts International from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Bank Of America (Bofa) lifted their price objective on MGM Resorts International from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of MGM Resorts International from $54.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.
View Our Latest Stock Analysis on MGM Resorts International
About MGM Resorts International
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
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