Brokerage Firm Rating Update on MGM Resorts International (MGM)

MGM Resorts International (MGM) : Zacks Investment Research ranks MGM Resorts International (MGM) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 12 research analysts is 1.13, which indicates as a Strong Buy.

MGM Resorts International (MGM) : 9 Wall Street analysts covering MGM Resorts International (MGM) believe that the average level the stock could reach for the short term is $29.22. The maximum price target given is $31 and the minimum target for short term is around $27, hence the standard deviation is calculated at $1.09.


For the current week, the company shares have a recommendation consensus of Buy. Also, Buckingham Research initiates coverage on MGM Resorts International (NYSE:MGM). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on August 11, 2016.

MGM Resorts International (NYSE:MGM): The stock opened at $24.78 and touched an intraday high of $25.2 on Wednesday. During the day, the stock corrected to an intraday low of $24.74, however, the bulls stepped in and pushed the price higher to close in the green at $25.17 with a gain of 1.82% for the day. The total traded volume for the day was 5,212,022. The stock had closed at $24.72 in the previous trading session.

MGM Resorts International is a holding company. Through its wholly owned subsidiaries, the Company owns and operates casino resorts. The Company operates in two segments: wholly owned domestic resorts and MGM China. The wholly owned domestic resorts segment includes non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a variety of table games, and race and sports book wagering. It operates over 15 wholly owned resorts in the United States. The MGM China segments operations consist of the MGM Macau resort and casino (MGM Macau) and the development of a gaming resort in Cotai, Macau. It owns and operates two resorts in Mississippi, which includes Beau Rivage in Biloxi and Gold Strike Tunica. It also owns Shadow Creek, Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi.

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