Brean Murray Carret & Co. Reaffirms Buy Rating on MGM Resorts (MGM)
A number of other firms have also recently commented on MGM. Analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of MGM Resorts in a research note to investors on Friday. Separately, analysts at Brean Murray reiterated a “positive” rating on shares of MGM Resorts in a research note to investors on Friday. Finally, analysts at Sterne Agee raised their price target on shares of MGM Resorts from $14.00 to $15.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock.
Shares of MGM Resorts traded down 2.21% during mid-day trading on Friday, hitting $12.195. MGM Resorts has a 52 week low of $7.40 and a 52 week high of $16.05. The company has a market cap of $5.962 billion and a P/E ratio of 2.31.
MGM Resorts last announced its earnings results on Thursday, May 3rd. The company reported ($0.44) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.15) by $0.29. MGM Resorts’s revenue was up 52.0% compared to the same quarter last year. On average, analysts predict that MGM Resorts will post $-0.11 earnings per share next quarter.
MGM Resorts International is a holding company. The Company is a hospitality company. Its primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities.