JPMorgan Chase & Co. Lowers MGM Resorts International (NYSE:MGM) Price Target to $41.00

MGM Resorts International (NYSE:MGM) had its target price decreased by analysts at JPMorgan Chase & Co. from $42.00 to $41.00 in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.28% from the company’s previous close.

Other research analysts have also issued research reports about the company. Truist Financial increased their price target on MGM Resorts International from $39.00 to $42.00 and gave the stock a “hold” rating in a report on Thursday. Stifel Nicolaus cut their price target on MGM Resorts International from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Barclays increased their price target on MGM Resorts International from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup cut their price target on MGM Resorts International from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Morgan Stanley increased their price objective on MGM Resorts International from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $47.12.

MGM Resorts International Trading Down 0.9%

Shares of MGM stock opened at $38.58 on Thursday. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 53.58 and a beta of 1.28. The stock has a 50-day moving average of $37.14 and a 200-day moving average of $35.38. The company has a current ratio of 1.33, a quick ratio of 1.20 and a debt-to-equity ratio of 1.93. MGM Resorts International has a 1-year low of $29.18 and a 1-year high of $40.94.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.37 billion. MGM Resorts International had a net margin of 1.03% and a return on equity of 24.43%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. On average, equities research analysts forecast that MGM Resorts International will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other MGM Resorts International news, Director Keith A. Meister sold 37,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the transaction, the director owned 5,347,978 shares in the company, valued at approximately $183,275,206.06. This represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Iac Inc. bought 550,000 shares of MGM Resorts International stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of $37.30 per share, for a total transaction of $20,515,000.00. Following the acquisition, the insider directly owned 66,372,350 shares in the company, valued at approximately $2,475,688,655. This trade represents a 0.84% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MGM Resorts International

Institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC purchased a new stake in MGM Resorts International in the 2nd quarter worth $25,000. Global Retirement Partners LLC increased its stake in MGM Resorts International by 55.9% in the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock worth $29,000 after buying an additional 281 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in MGM Resorts International in the 1st quarter worth $30,000. Mather Group LLC. purchased a new stake in MGM Resorts International in the 3rd quarter worth $33,000. Finally, Elyxium Wealth LLC purchased a new stake in MGM Resorts International in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Trending Headlines about MGM Resorts International

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Q1 revenue beat and record net revenues driven by digital and China growth — company reported $4.45B in revenue (+4.2% Y/Y) with management citing digital and China as growth engines. MGM Q1 Earnings (Yahoo)
• Positive Sentiment: MGM China strong quarterly results and Macau recovery — MGM China reported double-digit revenue growth and higher visitor arrivals, supporting the group’s Asia exposure. MGM China Q1 (PR Newswire)
• Positive Sentiment: Las Vegas momentum: management highlighted stronger convention bookings and first-year-on-year Las Vegas net revenue growth in Q1 after tough comparables. Las Vegas uptick (HotelDive)
• Neutral Sentiment: Mixed analyst actions — several houses adjusted targets and ratings (Goldman raised PT but kept a sell, JPMorgan and Citi trimmed PTs but kept neutral, Truist lifted its PT to $42). These conflicting signals create uneven analyst guidance. Analyst moves (MarketScreener)
• Neutral Sentiment: Earnings-call tone: management said growth engines “beat headwinds” but also flagged cost pressures; investors must judge sustainability of revenue mix versus margin headwinds. Earnings call recap (TipRanks)
• Negative Sentiment: EPS miss and margin pressure — non-GAAP EPS of $0.49 missed consensus (~$0.56), and EBITDA in Las Vegas declined due to higher costs, which pressured the stock. Earnings details (Yahoo)
• Negative Sentiment: Jefferies downgraded MGM to Hold (from Buy), cutting its PT to $44 and citing concerns about the company’s capital structure and limited near-term growth — a clear negative that likely influenced selling. Jefferies downgrade (Yahoo/Investing)
• Negative Sentiment: Ongoing leverage and margin uncertainty — analysts and investors remain focused on debt levels (debt/equity ~1.9) and whether free cash flow will improve fast enough to justify higher valuations. Q1 metrics (Yahoo)

MGM Resorts International Company Profile

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.