MGM Resorts Intl (NYSE:MGM): “Overweight” Rating was Maintained by Equity Research Analysts at Morgan Stanley; with Target Price of $39.

June 27, 2018 - By Rebecca Betts

MGM Resorts International (NYSE:MGM) Corporate Logo

During Q1 2018 the big money sentiment decreased to 0.89. That’s change of 0.06, from 2017Q4’s 0.95. 54 investors sold all, 147 reduced holdings as MGM Resorts International ratio fall. 121 grew positions while 57 funds bought positions. Funds hold 443.98 million shares thus 1.45% less from 2017Q4’s 450.52 million shares.

Rampart Inv Mgmt Commerce invested in 153,466 shs. Vanguard Group reported 51.48M shs. Ls Inv Advsrs Lc stated it has 11,362 shs. Tocqueville Asset L P invested in 384,357 shs. 3,135 were reported by Kings Point Mgmt. Ci Incorporated reported 0% in MGM Resorts International (NYSE:MGM). 785,000 were reported by Nokota Mngmt Lp. Sumitomo Mitsui Asset Limited has invested 0.02% of its capital in MGM Resorts International (NYSE:MGM). Moreover, Texas Permanent School Fund has 0.06% invested in MGM Resorts International (NYSE:MGM) for 131,704 shs. Fifth Third Fincl Bank holds 360 shs or 0% of its capital. 194 are owned by Plante Moran Advsrs. 13,654 are owned by Arrow Investment Advsrs Limited Liability Com. Bp Public Limited Com reported 58,000 shs stake. Two Sigma Securities Ltd Llc invested 0.01% of its capital in MGM Resorts International (NYSE:MGM). Pub Employees Retirement Association Of Colorado accumulated 85,037 shs.

MGM Resorts International registered $5.42 million net activity with 1 insider buy and 9 sales since February 22, 2018. $215,773 worth of MGM Resorts International (NYSE:MGM) was sold by BIBLE WILLIAM A on Tuesday, March 6. On Friday, June 1 Mckinney-James Rose sold $179,330 worth of MGM Resorts International (NYSE:MGM). Shares for $159,351 were sold by HERMAN ALEXIS on Monday, March 12. SANDERS COREY IAN sold $848,588 worth of MGM Resorts International (NYSE:MGM) on Monday, March 12. TAYLOR DANIEL J sold 12,536 shs worth $434,632. The insider GROUNDS WILLIAM WARWICK bought 1,000 shs worth $35,500.

Reiterated MGM Resorts Intl (NYSE:MGM) Rating.

On 26 June a report was revealed to investors on MGM Resorts Intl (NYSE:MGM) of its “Overweight” Rating maintained by expert analysts at Morgan Stanley. The market cap company was given $39 target price that gives 34.07 % upside potential from the last stock close.

MGM Resorts International (NYSE:MGM) Ratings Coverage

A total of 10 analysts rate MGM Resorts Intl (NYSE:MGM) as follows: 6 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 60% are bullish. (NYSE:MGM) has 15 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Monday, May 7 Jefferies maintained the shares of MGM in report with “Buy” rating. On Thursday, February 15 the stock of MGM Resorts International (NYSE:MGM) has “Hold” rating given by Susquehanna. The stock rating was maintained by Bank of America with “Buy” on Wednesday, February 21. In Friday, February 23 report Barclays Capital maintained it with “Overweight” rating and $40 target. On Tuesday, June 26 the firm earned “Overweight” rating by Morgan Stanley. On Tuesday, March 27 the stock of MGM Resorts International (NYSE:MGM) earned “Overweight” rating by Morgan Stanley. On Friday, April 27 the stock of MGM Resorts International (NYSE:MGM) has “Overweight” rating given by Morgan Stanley. On Tuesday, March 13 the rating was maintained by Deutsche Bank with “Hold”. On Thursday, January 25 the firm earned “Buy” rating by Nomura. On Monday, June 25 Goldman Sachs downgraded MGM Resorts International (NYSE:MGM) to “Hold” rating.

MGM hit $29.09 during the last trading session after $0.07 change.MGM Resorts International has volume of 2.26 million shares. Since June 27, 2017 MGM has declined 0.47% and is downtrending. MGM underperformed by 13.04% the S&P500.

MGM Resorts International (NYSE:MGM)’s earnings report is anticipated on July, 26., Zacks reports. The EPS diference is $0.04 or 12.90 % down from last years number. Previous year: $0.31; Analysts forcast: $0.27. In case of $0.27 EPS MGM’s profit could reach $150.33M. Wall Street now sees -20.59 % negative EPS growth despite MGM Resorts International last quarter’s EPS of $0.34.

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China.The firm is valued at $16.20 billion. The firm operates through two divisions, Domestic Resorts and MGM China.8.59 is the P/E ratio. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

For more MGM Resorts International (NYSE:MGM) news announced briefly go to: 247Wallst.com, Fool.com, Seekingalpha.com, Prnewswire.com or Seekingalpha.com. The titles are as follows: “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More” announced on June 26, 2018, “Sports Betting Legalization Gets MGM Resorts to Reconsider Expansion” on June 07, 2018, “MGM Resorts plants a flag near NYC” with a publish date: May 30, 2018, “MGM Resorts’ UNIVERSAL LOVE Album Wins 5 Lions at Cannes Creativity Festival” and the last “Has MGM Lost Its Way… Again?” with publication date: May 31, 2018.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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