Zacks Rating on MGM Resorts International (MGM)

MGM Resorts International (MGM) : The consensus on MGM Resorts International (MGM) based on 13 analyst recommendation on the company stock is 1.27, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

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.


MGM Resorts International has dropped 0.73% in the last five trading days, however, the shares have posted positive gains of 4.25% in the last 4 weeks. MGM Resorts International is up 7.23% in the last 3-month period. Year-to-Date the stock performance stands at 7%. MGM Resorts International (NYSE:MGM): stock turned positive on Tuesday. Though the stock opened at $24.32, the bulls momentum made the stock top out at $24.56 level for the day. The stock recorded a low of $24.29 and closed the trading day at $24.31, in the green by 0.33%. The total traded volume for the day was 3,743,149. The stock had closed at $24.23 in the previous days trading.

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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