MGM Resorts International (NYSE:MGM) has earned an average rating of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $31.90.

Several equities research analysts have recently issued reports on MGM shares. Roth Capital reiterated a “buy” rating on shares of MGM Resorts International in a research report on Thursday, October 31st. ValuEngine lowered shares of MGM Resorts International from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. cut their target price on shares of MGM Resorts International from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, September 6th. UBS Group lifted their price target on shares of MGM Resorts International from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, TheStreet cut shares of MGM Resorts International from a “b-” rating to a “c” rating in a research note on Wednesday, October 30th.

Shares of MGM Resorts International stock traded up $0.24 during trading hours on Monday, hitting $32.17. The company’s stock had a trading volume of 3,287,642 shares, compared to its average volume of 6,201,126. The business has a 50 day moving average price of $30.34 and a two-hundred day moving average price of $28.58. MGM Resorts International has a 12-month low of $21.61 and a 12-month high of $32.24. The company has a market cap of $16.77 billion, a PE ratio of 32.49, a PEG ratio of 5.26 and a beta of 1.52. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.84 and a current ratio of 0.87.

MGM Resorts International (NYSE:MGM) last released its earnings results on Wednesday, October 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.37). MGM Resorts International had a return on equity of 4.10% and a net margin of 0.11%. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that MGM Resorts International will post 0.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, December 9th. This represents a $0.52 annualized dividend and a dividend yield of 1.62%. MGM Resorts International’s dividend payout ratio (DPR) is 52.53%.

In other news, Director Rose Mckinney-James sold 2,670 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $28.15, for a total value of $75,160.50. Following the sale, the director now directly owns 4,616 shares in the company, valued at approximately $129,940.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Keith A. Meister bought 79,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $29.43 per share, for a total transaction of $2,324,970.00. The disclosure for this purchase can be found here. 3.47% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. increased its position in shares of MGM Resorts International by 94.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 25,671 shares of the company’s stock valued at $734,000 after purchasing an additional 12,456 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of MGM Resorts International by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 25,101 shares of the company’s stock valued at $717,000 after acquiring an additional 1,200 shares during the period. Arizona State Retirement System raised its stake in shares of MGM Resorts International by 2.9% in the second quarter. Arizona State Retirement System now owns 265,381 shares of the company’s stock valued at $7,582,000 after acquiring an additional 7,455 shares during the period. Strs Ohio raised its stake in shares of MGM Resorts International by 21.8% in the second quarter. Strs Ohio now owns 71,358 shares of the company’s stock valued at $2,038,000 after acquiring an additional 12,781 shares during the period. Finally, Appleton Partners Inc. MA lifted its holdings in shares of MGM Resorts International by 30.5% in the 2nd quarter. Appleton Partners Inc. MA now owns 25,396 shares of the company’s stock worth $726,000 after acquiring an additional 5,935 shares during the last quarter. Institutional investors own 81.65% 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 Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, 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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