MGM Resorts International (NYSE:MGM) shares traded -0.61% down during most recent session to reach at the closing price of $30.96. The stock exchanged hands 7.03 Million shares versus average trading capacity of 8.99 Million shares, yielding a market cap of $17.79 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $35.37 within the next 52-weeks. The mean target projections are based on 19 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have MGM Resorts International (NYSE:MGM) high price target of $40 and with a conservative view have low price target of $31.
Aegis Capital “Initiates Coverage On” MGM Resorts International (NYSE:MGM) in a research note issued to investors on 12/22/16 to Buy with price target of $35.
Additionally on 12/20/16 Aegis Capital “Initiates Coverage On” MGM Resorts International (NYSE:MGM) to Buy setting price target at $35 and on 12/16/16 Goldman Sachs “Initiates Coverage On” the stock to Buy at $37. Furthermore on 10/06/16 Argus Research “Upgrades” the stock to Buy.
On the other hand the company has Relative Strength Index (RSI 14) of 59.58 along with Average True Range (ATR 14) of 0.62, Consequently MGM Resorts International (NYSE:MGM)’s weekly and monthly volatility is 2.10%, 1.94% respectively. The company’s beta value is at 1.45.
In terms of Buy, Sell or Hold recommendations, MGM Resorts International (NYSE:MGM) has analysts’ mean recommendation of 1.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts MGM Resorts International (NYSE:MGM)’s minimum EPS for the current quarter is at $0.22 and can go high up to $0.4. The consensus mean EPS for the current quarter is at $0.31 derived from a total of 11 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.3 earnings per share for the same quarter during last year.
Previously MGM Resorts International (NYSE:MGM) reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.09. The company posted an earnings surprise of 31%.
While considering growth estimates of the company, it has next quarter growth estimates of -39.7% whereas during current quarter it has 3.3% estimations over growth, comparing to the estimations of 11.4% during current year and 24.4% for next year. Past 5 years growth of MGM Resorts International (NYSE:MGM) observed at 62.82%, looking forward for the next 5 years it has a strong prediction of 7.1% over growth.
MGM Resorts International (NYSE:MGM)’s revenue estimates for the current quarter are $2.68 Billion according to 14 number of analysts, for the current quarter the company has high revenue estimates of $2.71 Billion in contradiction of low revenue estimates of $2.64 Billion. For the current year the company’s revenue estimates are $10.97 Billion compared to low analyst estimates of $10.79 Billion and high estimates of $11.23 Billion according to 20 number of analysts.
Currently MGM Resorts International (NYSE:MGM)’s shares owned by insiders are 12%, whereas shares owned by institutional owners are 76.1%. However the six-month change in the insider ownership was recorded -0.6%, as well as three-month change in the institutional ownership was recorded 2.92%.
MGM Resorts International (NYSE:MGM) 52-week high price stands at $32.28 and low price stands at $21.22, its price distance from 52-week high is -4.07% while its distance from 52-week low price is 45.91%. The stock hit its 52-week high on 05/16/17, and 52-week low on 06/27/16.
MGM Resorts International (NYSE:MGM)’s trailing twelve month revenues are $9.95 Billion, whereas its price to sales ratio for the same period is 1.78. Its book value per share for the most recent quarter is $11.1 while its price to book ratio for the same period is 2.79, as for as the company’s cash per share for the most recent quarter is $2.44, however its price to cash per share ratio for the same period is 12.68. The stock has 5 year expected PEG ratio of 2.02 whereas its trailing twelve month P/E ratio is 14.31.