MGM Resorts International (NYSE:MGM) Rating Lowered to Sell at Wall Street Zen

MGM Resorts International (NYSE:MGM) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts have also recently commented on MGM. Zacks Research cut shares of MGM Resorts International from a “hold” rating to a “strong sell” rating in a research note on Friday, October 2nd. Bank of America began coverage on MGM Resorts International in a research note on Thursday, September 24th. They set a “neutral” rating and a $40.00 price target on the stock. Truist Financial dropped their price target on shares of MGM Resorts International from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday. Susquehanna decreased their target price on shares of MGM Resorts International from $46.00 to $41.00 and set a “positive” rating for the company in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of MGM Resorts International from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, MGM Resorts International has an average rating of “Hold” and an average target price of $45.18.

MGM Resorts International Stock Down 0.1%

MGM Resorts International stock opened at $29.92 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 1.68. The company’s 50-day moving average price is $34.79 and its two-hundred day moving average price is $39.00. MGM Resorts International has a 52 week low of $26.71 and a 52 week high of $51.59. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.75 and a beta of 1.34.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Wednesday, October 28th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.21 billion. MGM Resorts International had a return on equity of 20.58% and a net margin of 3.92%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. On average, analysts expect that MGM Resorts International will post 1.71 EPS for the current fiscal year.

Hedge Funds Weigh In On MGM Resorts International

Large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of MGM Resorts International in the 3rd quarter valued at about $1,434,000. ProShare Advisors LLC raised its holdings in shares of MGM Resorts International by 52.7% during the 3rd quarter. ProShare Advisors LLC now owns 62,344 shares of the company’s stock worth $1,936,000 after acquiring an additional 21,520 shares during the period. Vise Technologies Inc. boosted its position in shares of MGM Resorts International by 8.6% during the 3rd quarter. Vise Technologies Inc. now owns 13,105 shares of the company’s stock valued at $407,000 after acquiring an additional 1,033 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in MGM Resorts International by 98.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 23,800 shares of the company’s stock worth $739,000 after purchasing an additional 11,800 shares during the period. Finally, Arena Capital Advisors LLC CA purchased a new position in MGM Resorts International during the third quarter worth about $202,000. 68.11% of the stock is owned by institutional investors and hedge funds.

MGM Resorts International News Roundup

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

• Positive Sentiment: Digital gaming momentum: BetMGM’s third-quarter net revenue increased 7%, and its first 100 days in Alberta reportedly outperformed the company’s Ontario launch, supporting the growth outlook for MGM’s online betting and iGaming operations. BetMGM Marks 100 Days in Alberta
• Positive Sentiment: Macau remains a bright spot: MGM China reported record third-quarter revenue and adjusted EBITDA, while market share reached a record 17.1%, indicating resilient Chinese gaming demand and execution. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: Some operational strength: Las Vegas slot win reached a new resort record, and JPMorgan and Truist kept bullish ratings despite lowering their targets. JPMorgan’s revised target implies substantial upside, while Truist maintained a “buy” rating.
• Neutral Sentiment: People Inc. deal talks ended: MGM’s CEO said the company is no longer pursuing negotiations with People Inc. The decision removes potential transaction uncertainty but also eliminates any near-term expansion catalyst. MGM Ends Deal Talks With People Inc.
• Negative Sentiment: Quarterly earnings missed: MGM posted a third-quarter loss of $0.11 per share, versus analyst expectations for a profit, while revenue was roughly flat year over year. MGM Reports Q3 Loss
• Negative Sentiment: Las Vegas weakness is weighing on sentiment: Lower room rates and weaker regional profitability pressured results, contributing to the stock reaching a new 52-week low. MGM Las Vegas Revenue and Earnings Fall
• Negative Sentiment: Analyst caution increased: Wells Fargo cut its target to $28 and assigned an “equal weight” rating. Stifel also lowered its target to $35 and moved to “hold,” while Truist and JPMorgan reduced their targets despite retaining bullish ratings.

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.