MGM Resorts International (NYSE:MGM)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research note issued on Tuesday, Marketbeat.com reports. They presently have a $44.00 price target on the stock, up from their previous price target of $41.00. JPMorgan Chase & Co.’s price objective suggests a potential upside of 29.72% from the company’s previous close.

A number of other research firms have also commented on MGM. Susquehanna Bancshares reiterated a “neutral” rating and set a $33.00 price target (down from $38.00) on shares of MGM Resorts International in a report on Tuesday, October 3rd. Barclays reiterated an “overweight” rating on shares of MGM Resorts International in a report on Monday, October 2nd. Stifel Nicolaus lowered shares of MGM Resorts International from a “buy” rating to a “hold” rating and lowered their price target for the company from $38.00 to $33.00 in a report on Wednesday, October 18th. UBS Group lowered shares of MGM Resorts International from a “positive” rating to a “neutral” rating in a report on Tuesday, October 3rd. Finally, Morgan Stanley set a $34.00 price target on shares of MGM Resorts International and gave the company a “buy” rating in a report on Friday, October 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $36.79.

MGM Resorts International (NYSE MGM) traded up $0.29 during trading hours on Tuesday, reaching $33.92. 5,981,800 shares of the company were exchanged, compared to its average volume of 6,222,528. MGM Resorts International has a 52 week low of $25.15 and a 52 week high of $34.65. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 1.26. The company has a market cap of $19,880.00, a price-to-earnings ratio of 33.25, a P/E/G ratio of 6.34 and a beta of 1.45.

In other MGM Resorts International news, Director William A. Bible sold 6,128 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $33.23, for a total transaction of $203,633.44. Following the transaction, the director now directly owns 27,081 shares of the company’s stock, valued at approximately $899,901.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sean Charland acquired 25,000 shares of MGM Resorts International stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $22.50 per share, for a total transaction of $562,500.00. Over the last three months, insiders have sold 96,877 shares of company stock worth $3,187,002. Insiders own 12.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Nordea Investment Management AB grew its position in shares of MGM Resorts International by 3.2% in the 2nd quarter. Nordea Investment Management AB now owns 15,493 shares of the company’s stock worth $485,000 after buying an additional 475 shares during the period. Toronto Dominion Bank grew its position in shares of MGM Resorts International by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 5,644 shares of the company’s stock worth $177,000 after buying an additional 624 shares during the period. Pacer Advisors Inc. grew its position in shares of MGM Resorts International by 8.5% in the 2nd quarter. Pacer Advisors Inc. now owns 10,053 shares of the company’s stock worth $315,000 after buying an additional 784 shares during the period. Comerica Bank grew its position in shares of MGM Resorts International by 3.8% in the 2nd quarter. Comerica Bank now owns 24,687 shares of the company’s stock worth $839,000 after buying an additional 910 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of MGM Resorts International by 8.7% in the 2nd quarter. Private Advisor Group LLC now owns 17,092 shares of the company’s stock worth $533,000 after buying an additional 1,375 shares during the period. 82.96% of the stock is currently owned by institutional investors and hedge funds.

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About MGM Resorts International

MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.

Analyst Recommendations for MGM Resorts International (NYSE:MGM)

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