Shares of MGM Resorts International (NYSE:MGM) have been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $34.00.

Several equities analysts recently issued reports on the company. Morgan Stanley restated a “buy” rating on shares of MGM Resorts International in a research report on Monday, December 3rd. Bank of America restated a “buy” rating and issued a $30.00 price target on shares of MGM Resorts International in a research report on Tuesday, October 16th. Finally, Sanford C. Bernstein assumed coverage on MGM Resorts International in a research report on Thursday, November 15th. They issued a “market perform” rating on the stock.

Shares of MGM traded down $0.04 during midday trading on Friday, reaching $27.96. 418,801 shares of the stock were exchanged, compared to its average volume of 8,603,334. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.71 and a current ratio of 0.74. MGM Resorts International has a twelve month low of $21.61 and a twelve month high of $38.41. The stock has a market capitalization of $14.56 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 3.21 and a beta of 1.29.

MGM Resorts International (NYSE:MGM) last posted its earnings results on Tuesday, October 30th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.06. MGM Resorts International had a return on equity of 4.51% and a net margin of 16.75%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that MGM Resorts International will post 1.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Monday, December 10th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, December 7th. MGM Resorts International’s payout ratio is 47.06%.

In other MGM Resorts International news, insider Phyllis James sold 15,815 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $28.26, for a total transaction of $446,931.90. Following the transaction, the insider now owns 13,164 shares in the company, valued at approximately $372,014.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MGM. Capital International Investors acquired a new position in MGM Resorts International during the 3rd quarter worth approximately $376,785,000. Bank of New York Mellon Corp increased its position in MGM Resorts International by 143.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,603,754 shares of the company’s stock worth $220,738,000 after purchasing an additional 4,478,383 shares during the period. Morgan Stanley increased its position in MGM Resorts International by 71.5% during the 2nd quarter. Morgan Stanley now owns 6,199,539 shares of the company’s stock worth $179,973,000 after purchasing an additional 2,584,993 shares during the period. Canyon Capital Advisors LLC increased its position in MGM Resorts International by 9.0% during the 3rd quarter. Canyon Capital Advisors LLC now owns 21,163,868 shares of the company’s stock worth $590,684,000 after purchasing an additional 1,749,500 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in MGM Resorts International by 68.2% during the 3rd quarter. Epoch Investment Partners Inc. now owns 3,213,053 shares of the company’s stock worth $89,676,000 after purchasing an additional 1,302,749 shares during the period. Institutional investors own 80.84% of the company’s stock.

About MGM Resorts International

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China. The company operates through two segments, Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

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Analyst Recommendations for MGM Resorts International (NYSE:MGM)

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