MGM Resorts International (NYSE:MGM) Stock Gets Price Target Trim from Stifel Nicolaus

MGM Resorts International (NYSE:MGM) had its price target reduced by Stifel Nicolaus from $49.00 to $40.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other research analysts have also issued reports on MGM. Citigroup reduced their price target on MGM Resorts International from $48.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Capital One Financial raised their price target on MGM Resorts International from $53.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, September 21st. HSBC upgraded shares of MGM Resorts International to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of MGM Resorts International from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Finally, UBS Group decreased their target price on shares of MGM Resorts International from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.71.

MGM Resorts International Stock Performance

Shares of NYSE MGM opened at $29.51 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 1.80. The stock has a 50 day simple moving average of $36.56 and a 200-day simple moving average of $40.88. The company has a market cap of $7.42 billion, a PE ratio of 17.89, a P/E/G ratio of 1.56 and a beta of 1.35. MGM Resorts International has a 12-month low of $27.93 and a 12-month high of $51.59.

MGM Resorts International (NYSE:MGM) last posted its earnings results on Wednesday, July 29th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. MGM Resorts International had a return on equity of 23.30% and a net margin of 2.40%. The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period last year, the firm earned $0.79 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that MGM Resorts International will post 1.85 EPS for the current year.

Hedge Funds Weigh In On MGM Resorts International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MGM. Man Group plc acquired a new position in shares of MGM Resorts International during the 2nd quarter valued at $25,771,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of MGM Resorts International in the 2nd quarter worth $22,681,000. Clough Capital Partners L P bought a new stake in shares of MGM Resorts International in the 1st quarter worth $15,857,000. Legal & General Group Plc bought a new stake in shares of MGM Resorts International in the 2nd quarter worth $16,570,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of MGM Resorts International in the second quarter valued at $15,864,000. 68.11% of the stock is owned by institutional investors.

MGM Resorts International News Roundup

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Expanded sports and entertainment marketing: MGM Resorts is the title sponsor of the Pro Padel League’s Las Vegas tournament, scheduled for November 18–21. The event should create additional exposure for MGM properties and potentially drive room, food-and-beverage and casino traffic. Pro Padel League Secures Landmark Title Sponsorship with MGM Resorts International for Las Vegas Tournament
• Positive Sentiment: Formula 1 race-week plans: MGM is promoting fan experiences, culinary offerings, fashion and art activations across Bellagio, ARIA, The Cosmopolitan and Park MGM during the November 19–21 Las Vegas Grand Prix. The programming could strengthen the company’s ability to monetize a major high-demand event. MGM Resorts Formula 1 Las Vegas Grand Prix Experiences
• Positive Sentiment: New premium dining concept: MGM Grand will open Taylor Sheridan’s Four Sixes Ranch Steakhouse in early 2027. The partnership adds a distinctive, high-end restaurant attraction that may support resort traffic and spending. MGM Grand to Open Four Sixes Ranch Steakhouse
• Positive Sentiment: BetMGM partnership extended: BetMGM renewed its Canadian partnership with the NFL, preserving access to league intellectual property, marketing activations and fan experiences. The agreement supports BetMGM’s customer-acquisition and brand-building efforts. BetMGM and NFL Extend Partnership in Canada
• Neutral Sentiment: Potential acquisition interest: A law firm is investigating Barry Diller’s reported $48.30-per-share offer for MGM. The bid could establish significant upside if pursued, but the investigation introduces uncertainty and does not indicate that a transaction will close. MGM Deal Notice
• Negative Sentiment: Analysts reduced price targets: Truist Financial and Stifel Nicolaus both cut their targets for MGM, signaling diminished near-term confidence in the company’s earnings outlook and weighing on sentiment. Truist Cuts MGM Price Target Stifel Cuts MGM Price Target
• Negative Sentiment: Q3 earnings concerns: A Zacks preview expects MGM’s third-quarter earnings to decline and sees limited evidence for a likely earnings beat. That caution is an important counterweight to the company’s promotional announcements ahead of its upcoming results. MGM Q3 Earnings Preview

MGM Resorts International Company Profile

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.