Macquarie Raises MGM Resorts to Outperform (MGM)

By admin | 6 years ago

MGM Resorts (NYSE: MGM) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a research note issued on Friday.

Several other analysts have also recently commented on the stock. Analysts at Brean Murray reiterated a “buy” rating on shares of MGM Resorts in a research note to investors on Friday, May 4th. Separately, analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of MGM Resorts in a research note to investors on Friday, May 4th.

MGM Resorts traded up 0.39% on Friday, hitting $10.41. 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 $5.090 billion and a price-to-earnings ratio of 1.92.

MGM Resorts last posted its quarterly earnings results on Thursday, May 3rd. The company reported ($0.44) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.15) by $0.29. The company’s quarterly revenue was up 52.0% on a year-over-year basis. Analysts expect that MGM Resorts will post $-0.12 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.

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