Broker's Roundup on MGM Resorts International (NYSE:MGM)

Marco Green
May 19, 2017

MGM Resorts International on 04/27/2017 reported its EPS as $0.38 with the analysts projecting the EPS of the stock as $0.29. They presently have a $35.00 price objective on the stock, up from their prior price objective of $34.00.

Several brokerages have recently commented on MGM. MGM Resorts International (NYSE:MGM) has risen 6.00% since April 18, 2017 and is uptrending. Aegis lowered their price target on MGM Resorts International from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, February 17th. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. The average volume of a stock suggests the liquidity of a particular company.

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on August, 3. The company's stock had a trading volume of 3,939,440 shares. The stock's 50 day moving average price is $29.42 and its 200 day moving average price is $28.37. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 14.53 and a beta of 1.66. MGM Resorts International also saw some unusual options trading activity on Tuesday. Investors will keep close watch to see if the stock breaks through a resistance point for another bull run, or if the stock might enter into overbought territory and be ripe for a regression or pullback. This represents an increase of 176% compared to the average daily volume of 208 put options.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of MGM Resorts International (MGM) stands at 3.79 while the industry's and the sector's growth for next 5 years ticked at 1.19 and 3.92 respectively. The company is estimating to achieve earnings per share (EPS) growth of -555.00% in this year and the earnings per share (EPS) growth expected to be 25.16% in the next year. MGM Resorts International (MGM) 52 week low value is at $21.22 and its current distance from 52 week low value is 51.75%. They expect $0.26 earnings per share, 0.00% or $0.00 from last year's $0.26 per share. Analysts forecast that MGM Resorts International will post $1.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Kelly Services, Inc.'s dividend has May 23, 2017 as record date. This represents a $0.44 dividend on an annualized basis and a yield of 1.42%. If you are reading this news story on another website, it was stolen and republished in violation of US and worldwide trademark and copyright legislation. TheStreet upgraded MGM Resorts International from a "c+" rating to a "b" rating in a report on Friday, April 28th. We can't assume the past will always reflect the future, but logically stocks that have grown earnings per share strongly in the past are a good bet to continue to do so. Zweig DiMenna Associates LLC now owns 664,231 shares of the company's stock valued at $17,290,000 after buying an additional 509,131 shares in the last quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The legal version of this report can be viewed at https://sportsperspectives.com/2017/05/18/mgm-resorts-international-mgm-coo-corey-ian-sanders-sells-21441-shares-of-stock.html.

Over the past 50 days, MGM Resorts International stock was -1.80% off of the high and 26.02% removed from the low. The disclosure for this sale can be found here. The stock showed weekly downbeat performance of -5.87%, which was maintained for the month at -5.95%. Wolfe Research reaffirmed an "outperform" rating on shares of MGM Resorts International in a research note on Tuesday, March 28th. Following the sale, the insider now owns 316,044 shares in the company, valued at $8,299,315.44. Great West Life Assurance Co. Janus Capital Management LLC raised its stake in MGM Resorts International by 297.5% in the first quarter. Pacer Advisors Inc. now owns 9,269 shares of the company's stock valued at $254,000 after buying an additional 302 shares during the last quarter.

04/28/2017 - MGM Resorts International had its "buy" rating reiterated by analysts at Stifel Nicolaus. Its book value per share for the most recent quarter is $11.1 while its price to book ratio for the same period is 2.79, as for as the company's cash per share for the most recent quarter is $2.44, however its price to cash per share ratio for the same period is 12.68. The bigger the return, the more efficient management is in utilizing its asset base. Ltd. raised its position in shares of MGM Resorts International by 2.5% in the third quarter. Melvin Capital Management LP purchased a new position in shares of MGM Resorts International during the third quarter worth $46,854,000. Ameriprise Financial Inc. increased its stake in MGM Resorts International by 31.6% in the third quarter. Many investors consider these recommendations very seriously, and often times whenever an analyst changes their outlook on a stock, the price change nearly immediately. Regentatlantic Cap Lc reported 0.1% in MGM Resorts International (NYSE:MGM).

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