MGM Resorts International (NYSE:MGM) had its price objective lifted by Nomura from $36.00 to $37.00 in a research note published on Friday morning, BenzingaRatingsTable reports. Nomura currently has a buy rating on the stock.

MGM has been the subject of several other research reports. Susquehanna Bancshares started coverage on Penn National Gaming in a research report on Wednesday. They issued a positive rating and a $25.00 price target for the company. Morgan Stanley reaffirmed a hold rating and issued a $20.10 price target on shares of ABB in a research report on Friday. JPMorgan Chase & Co. lifted their price target on PROS from $55.00 to $78.00 and gave the stock an overweight rating in a research report on Friday. ValuEngine raised Zumiez from a sell rating to a hold rating in a research report on Monday, July 22nd. Finally, Deutsche Bank lowered Hilton Hotels from a buy rating to a hold rating and set a $92.60 price target for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. MGM Resorts International presently has an average rating of Hold and a consensus target price of $31.33.

MGM Resorts International stock traded up $1.10 on Friday, hitting $30.47. 12,595,124 shares of the stock traded hands, compared to its average volume of 4,716,250. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.78. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 3.78 and a beta of 1.40. The firm has a fifty day moving average of $28.43. MGM Resorts International has a 1 year low of $21.61 and a 1 year high of $31.68.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.21 billion. MGM Resorts International had a return on equity of 3.79% and a net margin of 1.56%. MGM Resorts International’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. On average, equities analysts forecast that MGM Resorts International will post 0.96 EPS for the current year.

In other news, Director Keith A. Meister purchased 2,874,578 shares of the business’s stock in a transaction on Friday, June 7th. The stock was acquired at an average cost of $26.18 per share, for a total transaction of $75,256,452.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul J. Salem purchased 800,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $25.40 per share, with a total value of $20,320,000.00. Following the completion of the purchase, the director now owns 800,000 shares in the company, valued at $20,320,000. The disclosure for this purchase can be found here. Insiders purchased a total of 6,117,360 shares of company stock valued at $161,200,100 over the last quarter. 3.47% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. First Personal Financial Services bought a new stake in shares of MGM Resorts International during the 1st quarter valued at about $26,000. Quadrant Capital Group LLC grew its stake in shares of MGM Resorts International by 94.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,259 shares of the company’s stock valued at $29,000 after purchasing an additional 611 shares during the period. Rational Advisors LLC grew its stake in shares of MGM Resorts International by 1,113.8% during the 1st quarter. Rational Advisors LLC now owns 1,323 shares of the company’s stock valued at $34,000 after purchasing an additional 1,214 shares during the period. Thor Advisors LLC bought a new stake in shares of MGM Resorts International during the 1st quarter valued at about $35,000. Finally, Trust Co. of Vermont bought a new stake in shares of MGM Resorts International during the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

About MGM Resorts International

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

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Analyst Recommendations for MGM Resorts International (NYSE:MGM)

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