UBS AG Gives Neutral Rating to MGM Resorts (MGM)
Several other analysts have also recently commented on the stock. Analysts at Brean Murray reiterated a “positive” rating on shares of MGM Resorts in a research note to investors on Friday. Separately, 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. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of MGM Resorts in a research note to investors on Thursday.
Shares of MGM Resorts traded down 2.49% during mid-day trading on Friday, hitting $12.16. MGM Resorts has a one year low of $7.40 and a one year high of $16.05. The company has a market cap of $5.945 billion and a P/E ratio of 2.31.
MGM Resorts last posted its quarterly earnings results on Thursday, May 3rd. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.29. The company’s revenue for the quarter was up 52.0% on a year-over-year basis. Analysts expect that MGM Resorts will post $-0.11 EPS 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.