MGM Resorts International (NYSE:MGM) has 1 Year Target Estimate of $32.91


MGM Resorts International (NYSE:MGM) has a 1 Year Target Estimate of $32.91. The stock traded with the volume of 7.43 Million in the last trading session. MGM Resorts International opened at $29.08 and closed by showing a decrease of -0.55%. The Bid price in the last session was $28.71 x 5000 and the Ask price was $28.80 x 1000. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).

MGM Resorts International has the Market Capitalization of 16.46 Billion. The Stock has its 52-week High of $29.35 and 52-Week Low of $16.18 and it touched its 52-week high on Nov 21, 2016 and 52-Week Low on Feb 9, 2016.

MGM Resorts International reported its last Earnings on Nov 07 BMO where the company reported Actual EPS of $0.58/Share whereas, the Analyst Estimated EPS was $0.11/share. The difference between Actual EPS and Estimated EPS was $0.47/share. This represented an Earnings Surprise of 427.3%. The company will report its next earnings on Feb 16 – Feb 20 (Est.).

16 number of analysts also provided their insight on MGM Resorts International, where the Average Price Target for the stock is $32.91. They also projected Low Price Target as $30 while High Price Target is set at $38.

A number of analysts rated the stock as well: 6 analysts believe that the stock is a STRONG BUY while 11 reported it as Buy.0 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.

MGM Resorts International annual Divided is 0 while it’s Dividend Yield is 0%. The stock has its Price to Earnings (P/E) ratio of 57.65 and Forward Price to Earnings ratio of 21.46. The company has its Price to Sales (P/S) ratio of 1.79 where Price to Book (P/B) ratio of 2.63, Price to Cash Per share (P/C) of 11.38 and Price to Free Cash Flow (P/FCF) has a value of 0.

The company has its Return on Assets (ROA) of 1.1 Percent. Return on Equity (ROE) stands at 5.4% and Return on Investment (ROI) displays a value of -0.8%.

The stock is currently trading at Distance from 20-Day simple moving Average of 3.43% whereas, Distance from 50-Day Simple moving average is 7.41 Percent and Distance from 200-Day Simple Moving Average of 21.25 percent.

A look at performance overview of MGM Resorts International depicts that Performance (Week) is 0 percent while Performance Month is 9.71%. Quarterly performance shows a value of 20.18% and Half Year Performance value stands at 19.13%. Yearly performance of the stock has the value of 23.32 percent. MGM Resorts International has its YTD performance of 26.36 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).

Insider Trades:

Many Insiders have done trades inside the company. The latest trade was made on 10 Nov 2016 where Officer and Director Baldwin (Robert H) did a transaction type “Sell” in which 522308 shares were traded at a price of $27.63. Another insider trade includes Officer and Director Baldwin (Robert H) who also initiated a transaction in which 750000 shares were traded on 10 Nov 2016 as “Buy”. On 8 Nov 2016 Officer Selwood (Robert C) traded 37500 shares as “Buy” at $11.36. Officer Selwood (Robert C) Sell 24539 shares on 8 Nov 2016 at the price of $28.08.

Upgrades/Downgrades Report:

The latest Upgrades/Downgrades was done by Research firm Argus on 6-Oct-16 who Upgrade the stock from Hold to Buy. Other firms have also Upgraded/Downgraded the stock. On 2-Nov-15, UBS took an action “Upgrade” from Neutral to Buy. On 14-Jul-15, the stock was Initiated to Buy by Gabelli & Co.