Shares of MGM Resorts International (NYSE:MGM) have been assigned an average rating of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.14.

A number of equities analysts have issued reports on MGM shares. Deutsche Bank downgraded Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price target on the stock. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 price target on shares of Wynn Resorts in a research report on Wednesday, March 20th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Morgan Stanley set a $14.00 price target on Secureworks and gave the stock a “hold” rating in a research report on Thursday, June 6th.

MGM Resorts International stock traded up $0.19 during midday trading on Friday, hitting $28.98. 243,663 shares of the company were exchanged, compared to its average volume of 4,662,508. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 4.74 and a beta of 1.40. MGM Resorts International has a fifty-two week low of $21.61 and a fifty-two week high of $31.66. The stock’s fifty day simple moving average is $27.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.78 and a quick ratio of 0.75.

MGM Resorts International (NYSE:MGM) last posted its earnings results on Monday, April 29th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.12 billion. MGM Resorts International had a return on equity of 4.03% and a net margin of 2.26%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. Equities research analysts expect that MGM Resorts International will post 0.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 10th were given a dividend of $0.13 per share. The ex-dividend date was Friday, June 7th. This represents a $0.52 dividend on an annualized basis and a yield of 1.79%. MGM Resorts International’s dividend payout ratio is currently 52.53%.

In other news, Director Keith A. Meister bought 107,882 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were acquired at an average price of $27.68 per share, for a total transaction of $2,986,173.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith A. Meister bought 81,249 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was purchased at an average price of $27.99 per share, for a total transaction of $2,274,159.51. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 6,117,360 shares of company stock worth $161,200,100. Company insiders own 3.47% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of MGM Resorts International by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 6,387,824 shares of the company’s stock valued at $154,688,000 after acquiring an additional 366,980 shares in the last quarter. Bank of America Corp DE lifted its position in shares of MGM Resorts International by 380.3% in the fourth quarter. Bank of America Corp DE now owns 5,827,720 shares of the company’s stock valued at $141,381,000 after acquiring an additional 4,614,420 shares in the last quarter. Northern Trust Corp lifted its position in shares of MGM Resorts International by 1.0% in the first quarter. Northern Trust Corp now owns 5,138,759 shares of the company’s stock valued at $131,862,000 after acquiring an additional 51,123 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of MGM Resorts International in the fourth quarter valued at approximately $122,017,000. Finally, Norges Bank purchased a new position in shares of MGM Resorts International in the fourth quarter valued at approximately $108,871,000. Institutional investors and hedge funds own 79.35% of the company’s stock.

MGM Resorts International Company Profile

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

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Analyst Recommendations for MGM Resorts International (NYSE:MGM)

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