For the Most Recent Fiscal Year, MGM Resorts International has a price to cash ratio of 9.97. The Low Price target projection by analysts is $31 and the Mean Price Target is $33.33. Traders may also keep an eye on a company's PEG or price to earnings growth ratio.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sanford C. Bernstein reiterated an "outperform" rating on shares of MGM Resorts International in a research report on Friday, December 2nd.
Receive MGM Resorts International News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGM Resorts International with MarketBeat.com's FREE daily email newsletter. They presently have a $33.00 price target on the stock, down from their previous price target of $34.00.
Of the 12 calls, the high target is $37 and the bearish target is $29 for next 1-year.
18 analysts projected Price Targets for MGM Resorts International.
MGM Resorts International (NYSE:MGM) now has a High Price Target of $37. The average numbers of shares are traded in a security per day, during the recent 3-month period. MGM Resorts International P/E (price to earnings) ratio is 13.92 and Forward P/E ratio of 16.84.
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MGM Resorts International (MGM) belonging to the Consumer Discretionary sector has surged 2.95% and closed its last trading session at $27.58. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.09.
MGM Resorts International (NYSE:MGM) is expected to post revenue of $2.63 Billion in the current quarter, according to consensus of 14 analysts. MGM Resorts International had a return on equity of 6.45% and a net margin of 3.15%. The companys revenue was up 12.3% compared to the same quarter a year ago.
CenturyLink, Inc. (CTL) have shown a high EPS growth of 1.60% in the last 5 years and has earnings decline of -26.80% yoy. While in the same Quarter Previous year, the Actual EPS was $0.16. The co has dividend yield of 1.64% that is also considered as effective indicator.
Bullish analyst anticipates the firm posting EPS of $1.69 whereas the bearish target is $0.86. The stock was acquired at an average cost of $26.74 per share, with a total value of $30,751.00. In 2016, the company declared a net profit of US$1.1 billion on the back of a 9 per cent increase in net revenue to $9.5bn. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. "The stock has been rated as "Buy" from "20" Analysts". The shares were sold at an average price of $26.26, for a total transaction of $2,787,761.60. The disclosure for this purchase can be found here. Finally, Aegis initiated coverage on shares of MGM Resorts International in a research report on Tuesday, December 20th.
Two other important profitability ratios for investors to know are both returns-based ratios that measure a company's ability to create wealth for shareholders.
Hesham Al Qassim, the chief executive of Wasl Asset Management, said the deal "fulfils Wasl's mandate to attract global hospitality players to Dubai, where we are constantly striving to raise the bar in the city by offering tourists, residents and visitors ever-more sensational hospitality and entertainment experiences". Ltd. boosted its position in MGM Resorts International by 2.5% in the third quarter.