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).
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.
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.