In a report released yesterday, Brandt Montour from Barclays maintained a Buy rating on MGM Resorts (MGM – Research Report), with a price target of $55.00. The company’s shares closed yesterday at $45.66.
According to TipRanks, Montour is a 5-star analyst with an average return of 13.1% and a 60.00% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as MGM Resorts, Boyd Gaming, and Carnival.
In addition to Barclays, MGM Resorts also received a Buy from Deutsche Bank’s Carlo Santarelli in a report issued today. However, on January 30, Morgan Stanley maintained a Hold rating on MGM Resorts (NYSE: MGM).
See today’s best-performing stocks on TipRanks >>
MGM market cap is currently $16.06B and has a P/E ratio of 16.03.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MGM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MGM Resorts (MGM) Company Description:
MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.
Read More on MGM:
