Stifel Nicolaus Maintains MGM Resorts International to Buy with Price Target $30.00

Brokerage firm Stifel Nicolaus Maintains its rating on MGM Resorts International(NYSE:MGM). In a research note issued to the investors, the brokerage major Raises the price-target to $30.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Jun 9, 2016.

MGM Resorts International (MGM) made into the market gainers list on Wednesdays trading session with the shares advancing 1.95% or 0.47 points. Due to strong positive momentum, the stock ended at $24.52, which is also near the day’s high of $24.87. The stock began the session at $24.12 and the volume stood at 1,51,72,805 shares. The 52-week high of the shares is $25.29 and the 52 week low is $16.18. The company has a current market capitalization of $13,858 M and it has 56,51,53,750 shares in outstanding.

MGM Resorts International(MGM) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.21B. Analysts had an estimated revenue of $2.28B. Earnings per share were $0.13. Analysts had estimated an EPS of $0.11.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Rose Mckinney-james (director) sold 2,948 shares at $23.33 per share price.Also, On May 25, 2016, John Mcmanus (EVP GENERAL COUNSEL AND SECY) sold 4,116 shares at $22.88 per share price.On May 25, 2016, Corey Ian Sanders (CHIEF OPERATING OFFICER) sold 33,090 shares at $22.63 per share price, according to the Form-4 filing with the securities and exchange commission.

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 segment’s 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

MGM Resorts International - Is it time to Sell?

Top Brokerage Firms are advising their investors on MGM Resorts International. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.