Morgan Stanley Have Price Objective $39 on MGM Resorts Intl (NYSE:MGM). Professional Analysts Kept the Same firms Overweight rating.

June 27, 2018 - By Leslie Harms

MGM Resorts International (NYSE:MGM) Corporate Logo

Big Money Sentiment decreased to 0.89 in 2018 Q1. It has change of 0.06, from 2017Q4’s 0.95. The ratio dropped due to MGM Resorts International positioning: 54 sold and 147 reduced. 57 funds took holdings and 121 increased holdings. Investors holded 450.52 million in 2017Q4 but now own 443.98 million shares or 1.45% less.

Axa reported 39,536 shs. Conning Inc stated it has 0.01% of its capital in MGM Resorts International (NYSE:MGM). Baker Avenue Asset Mgmt L P has invested 0.04% in MGM Resorts International (NYSE:MGM). Canada Pension Plan Board stated it has 0% of its capital in MGM Resorts International (NYSE:MGM). Citigroup Incorporated has 0.01% invested in MGM Resorts International (NYSE:MGM) for 414,650 shs. Natl Pension Ser has invested 0.09% in MGM Resorts International (NYSE:MGM). Amundi Pioneer Asset reported 0.05% stake. Parallax Volatility Advisers Limited Partnership, California-based fund reported 242,696 shs. 6,762 were reported by Bridgecreek Investment Management Ltd Co. Texas Permanent School Fund has invested 0.06% of its capital in MGM Resorts International (NYSE:MGM). 106,248 are owned by Macquarie Grp Inc. Eminence Capital Ltd Partnership holds 3.62% or 6.93M shs. Franklin Res owns 282,000 shs for 0.01% of their capital. Price T Rowe Assocs Incorporated Md reported 0.16% stake. Panagora Asset Inc, Massachusetts-based fund reported 12,807 shs.

MGM Resorts International registered $5.42 million net activity with 1 insider purchase and 9 insider sales since February 22, 2018. HORNBUCKLE WILLIAM also sold $2.18 million worth of MGM Resorts International (NYSE:MGM) on Friday, March 9. Mckinney-James Rose sold $179,330 worth of MGM Resorts International (NYSE:MGM) or 5,624 shs on Friday, June 1. D’ARRIGO DANIEL sold 36,366 shs worth $1.26 million. On Tuesday, June 5 $49,045 worth of stock was sold by GAY MARY CHRISTINE. On Tuesday, March 6 $215,773 worth of MGM Resorts International (NYSE:MGM) was sold by BIBLE WILLIAM A. On Thursday, February 22 TAYLOR DANIEL J also sold $434,632 worth of MGM Resorts International (NYSE:MGM).

Reiterated MGM Resorts Intl (NYSE:MGM) Rating.

On Tuesday morning analysts note was shared with investors on MGM Resorts Intl (NYSE:MGM) of its Overweight Rating restate by expert analysts at Morgan Stanley. The MC company was given $39 TP that indicates 34.07 % upside potential from the previous close.

MGM Resorts International (NYSE:MGM) Ratings Coverage

A total of 10 analysts rate MGM Resorts Intl (NYSE:MGM) as follows: 6 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 60% are bullish. (NYSE:MGM) has 15 ratings reports on Jun 27, 2018 according to StockzIntelligence. In Tuesday, March 13 report Deutsche Bank maintained it with “Hold” rating and $39.0 target. The company rating was maintained by Stifel Nicolaus on Wednesday, February 21. On Monday, April 23 the firm earned “Positive” rating by Susquehanna. The company rating was maintained by Morgan Stanley on Friday, April 27. On Thursday, January 25 Nomura maintained MGM Resorts International (NYSE:MGM) with “Buy” rating. On Friday, April 27 the stock has “Hold” rating by Deutsche Bank. On Tuesday, June 26 the firm has “Overweight” rating given by Morgan Stanley. On Monday, June 25 the stock of MGM Resorts International (NYSE:MGM) earned “Hold” rating by Goldman Sachs. On Tuesday, March 27 the company was maintained by Morgan Stanley. On Wednesday, February 21 the stock has “Buy” rating by Bank of America.

MGM is hitting $29.09 during the last trading session, after decreased 0.24%.Currently MGM Resorts International is downtrending after 0.47% change in last June 27, 2017. MGM has also 2.26 million shares volume. The stock underperformed the S&P500 by 13.04%.

On July, 26 WallStreet awaited MGM Resorts International (NYSE:MGM)’s earnings report, Faxor reports. Last year’s earnings per share was $0.31, while now analysts expect change of 12.90 % down from current $0.27 earnings per share. MGM’s profit could be $150.33 million if the current earnings per share of $0.27 is accurate. Last quarter $0.34 earnings per share was reported. Analysts predicts -20.59 % negative EPS growth this quarter.

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China.The company has $16.20 billion market cap. The firm operates through two divisions, Domestic Resorts and MGM China.8.59 is the P/E ratio. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

For more MGM Resorts International (NYSE:MGM) news brought out recently go to: Bizjournals.com, Fool.com, Seekingalpha.com, 247Wallst.com or Benzinga.com. The titles are as follows: “MGM National Harbor, MGM Resorts betting something, or everything, on Stanley Cup Final” brought out on May 31, 2018, “Where MGM Resorts Makes Its Money” on June 25, 2018, “MGM Resorts plants a flag near NYC” with a publish date: May 30, 2018, “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More” and the last “Benzinga’s Top Upgrades, Downgrades For June 26, 2018” with publication date: June 26, 2018.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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