MGM Resorts International (NYSE:MGM) shares traded 1.41% up during most recent session to reach at the closing price of $28. The stock exchanged hands 19.2 Million shares versus average trading capacity of 9.01 Million shares, yielding a market cap of $14.43 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $33.17 within the next 52-weeks. The mean target projections are based on 18 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 $39 and with a conservative view have low price target of $27.
Credit Suisse “Initiates Coverage On” MGM Resorts International (NYSE:MGM) in a research note issued to investors on 8/14/18 to Neutral with price target of $31.
Additionally on 8/06/18 Barclays “Maintained” MGM Resorts International (NYSE:MGM) to Overweight setting price target at $37 and on 8/03/18 Stifel Nicolaus “Maintained” the stock to Hold at $33. Furthermore on 8/03/18 Morgan Stanley “Maintained” the stock to Overweight at $34.
On the other hand the company has Relative Strength Index (RSI 14) of 63.24 along with Average True Range (ATR 14) of 1.17, Consequently MGM Resorts International (NYSE:MGM)’s weekly and monthly volatility is 3.91%, 4.57% respectively. The company’s beta value is at 1.34.
In terms of Buy, Sell or Hold recommendations, MGM Resorts International (NYSE:MGM) has analysts’ mean recommendation of 2.1. 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 $0.05 and can go high up to $0.17. The consensus mean EPS for the current quarter is at $0.1 derived from a total of 11 estimates from the analysts who have weighed in on projected earnings. However the company reported $0 earnings per share for the same quarter during last year.
Previously MGM Resorts International (NYSE:MGM) reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. The company posted an earnings surprise of 31.6%.
MGM Resorts International (NYSE:MGM)’s revenue estimates for the current quarter are $2.98 Billion according to 13 number of analysts, for the current quarter the company has high revenue estimates of $3.33 Billion in contradiction of low revenue estimates of $2.82 Billion. For the current year the company’s revenue estimates are $11.68 Billion compared to low analyst estimates of $11.52 Billion and high estimates of $12.04 Billion according to 17 number of analysts.
Currently MGM Resorts International (NYSE:MGM)’s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 81.9%. However the six-month change in the insider ownership was recorded -10.83%, as well as three-month change in the institutional ownership was recorded -0.67%.
MGM Resorts International (NYSE:MGM)’s trailing twelve month revenues are $11.31 Billion, whereas its price to sales ratio for the same period is 1.28. Its book value per share for the most recent quarter is $12.66 while its price to book ratio for the same period is 2.21, as for as the company’s cash per share for the most recent quarter is $2.53, however its price to cash per share ratio for the same period is 11.08. The stock has 5 year expected PEG ratio of 9.35 whereas its trailing twelve month P/E ratio is 34.61.