MGM Resorts International Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGM Resorts International stock.
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Wall Street analysts have given MGM Resorts International a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MGM Resorts International wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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MGM Resorts International saw a decline in short interest in the month of August. As of August 13th, there was short interest totaling 11,860,000 shares, a decline of 13.4% from the July 29th total of 13,690,000 shares. Based on an average daily trading volume, of 5,840,000 shares, the short-interest ratio is currently 2.0 days. Currently, 3.0% of the company's stock are sold short.
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MGM Resorts International is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
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MGM Resorts International (NYSE:MGM) announced its quarterly earnings results on Wednesday, August, 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.37) by $0.24. The company earned $2.27 billion during the quarter, compared to analysts' expectations of $2.17 billion. MGM Resorts International had a negative trailing twelve-month return on equity of 11.74% and a negative net margin of 18.51%. The firm's revenue was up 682.6% on a year-over-year basis. During the same quarter last year, the business posted ($1.52) EPS.
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MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MGM shares have increased by 129.8% and is now trading at $41.54.
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MGM Resorts International declared a quarterly dividend on Wednesday, August 4th. Investors of record on Friday, September 10th will be paid a dividend of $0.0025 per share on Wednesday, September 15th. This represents a $0.01 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date is Thursday, September 9th. This is a boost from MGM Resorts International's previous quarterly dividend of $0.00.
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MGM Resorts International pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.02%.
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14 brokerages have issued twelve-month price targets for MGM Resorts International's shares. Their forecasts range from $20.00 to $58.90. On average, they expect MGM Resorts International's share price to reach $43.35 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
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83 employees have rated MGM Resorts International CEO Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among MGM Resorts International's employees.

Some companies that are related to MGM Resorts International include Las Vegas Sands (LVS), Caesars Entertainment (CZR), Penn National Gaming (PENN), Wynn Resorts (WYNN), Churchill Downs (CHDN), Advanced Drainage Systems (WMS), Scientific Games (SGMS), Boyd Gaming (BYD), International Game Technology (IGT), Monarch Casino & Resort (MCRI) and Isleworth Healthcare Acquisition (ISLE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Resorts International investors own include The Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), The Boeing (BA), Las Vegas Sands (LVS), Intel (INTC) and AT&T (t).

MGM Resorts International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGM."

MGM Resorts International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.97%), BlackRock Inc. (5.48%), Price T Rowe Associates Inc. MD (3.90%), State Street Corp (3.30%), Canada Pension Plan Investment Board (1.82%) and Geode Capital Management LLC (1.50%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, James Murren, John Mcmanus, Keith A Meister, Mary Chris Jammet, Paul J Salem, Todd Meinert, William Hornbuckle and William Warwick Grounds.
View institutional ownership trends for MGM Resorts International.

MGM stock was sold by a variety of institutional investors in the last quarter, including Parallax Volatility Advisers L.P., BlackRock Inc., Bank of Nova Scotia, First Trust Advisors LP, Tiger Eye Capital LLC, State Street Corp, HAP Trading LLC, and Barrow Hanley Mewhinney & Strauss LLC. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Corey Ian Sanders, Daniel J Taylor, John Mcmanus, Keith A Meister, Mary Chris Jammet, Todd Meinert, William Hornbuckle, and William Warwick Grounds.
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MGM stock was acquired by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Allianz Asset Management GmbH, Massachusetts Financial Services Co. MA, Canada Pension Plan Investment Board, Westfield Capital Management Co. LP, Vanguard Group Inc., Millennium Management LLC, and Marshall Wace North America L.P.. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Corey Ian Sanders, Gregory M Spierkel, Keith A Meister, Paul J Salem, and William Hornbuckle.
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Shares of MGM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MGM stock can currently be purchased for approximately $41.54.

MGM Resorts International has a market capitalization of $20.02 billion and generates $5.16 billion in revenue each year. The company earns $-997,200,000.00 in net income (profit) each year or ($3.94) on an earnings per share basis.

MGM Resorts International employs 35,000 workers across the globe.

The following companies are subsidiares of MGM Resorts International: 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, Aria Resort & Casino LLC, Beau Rivage Resorts LLC, Bellagio LLC, Blue Tarp reDevelopment LLC, Borgata Hotel Casino and Spa, Boru Merger Sub I LLC, Cedar Downs OTB LLC, Circus Circus Casinos Inc., CityCenter Facilities Management LLC, CityCenter Realty Corporation, CityCenter Retail Holdings Management LLC, Destron Inc., Grand Garden Arena Management LLC, Grand Laundry Inc., LV Concrete Corp., Las Vegas Arena Management LLC, Las Vegas Basketball Ventures LLC, MAC CORP., MGM (Beijing) Hospitality Services Co. Ltd., MGM Asia Pacific Limited, MGM Branding and Development Holdings Ltd., MGM CC LLC, MGM China Holdings Ltd., MGM Dev LLC, MGM Development Services Limited, MGM Elgin Sub Inc., MGM Finance Corp., MGM Grand (International) Pte Ltd., MGM Grand Condominiums LLC, MGM Grand Condominiums II LLC, MGM Grand Condominiums III LLC, MGM Grand Detroit Inc., MGM Grand Detroit LLC, MGM Grand Hotel LLC, MGM Growth Properties LLC, MGM Growth Properties OP GP LLC, MGM Growth Properties Operating Partnership LP, MGM Hospitality Development LLC, MGM Hospitality Global LLC, MGM Hospitality Holdings LLC, MGM Hospitality India Private Ltd., MGM Hospitality International GP Ltd., MGM Hospitality International Holdings Ltd., MGM Hospitality International LP, MGM Hospitality LLC, MGM International LLC, MGM Lessee LLC, MGM MA Sub LLC, MGM National Harbor LLC, MGM Public Policy LLC, MGM Resorts Advertising Inc., MGM Resorts Arena Holdings LLC, MGM Resorts Aviation Corp., MGM Resorts Corporate Services, MGM Resorts Design & Development, MGM Resorts Development LLC, MGM Resorts Festival Grounds II LLC, MGM Resorts Festival Grounds LLC, MGM Resorts Global Development LLC, MGM Resorts Interactive LLC, MGM Resorts International Holdings Ltd., MGM Resorts International Marketing Inc., MGM Resorts International Marketing Ltd., MGM Resorts International Operations Inc., MGM Resorts Japan LLC, MGM Resorts Land Holdings LLC, MGM Resorts Manufacturing Corp., MGM Resorts Mississippi LLC, MGM Resorts Regional Operations LLC, MGM Resorts Retail, MGM Resorts Satellite LLC, MGM Resorts Sub 1 LLC, MGM Resorts Sub B LLC, MGM Resorts Venue Management LLC, MGM Resorts West Japan LLC, MGM Sports & Interactive Gaming LLC, MGM Springfield reDevelopment LLC, MGM Yonkers Inc., MGMM Insurance Company, MGP Finance Co-Issuer Inc., MGP Lessor Holdings LLC, MGP Lessor LLC, MGP OH Inc., MGP Yonkers Realty Sub LLC, MH Inc., MMNY Land Company Inc., Mandalay Bay LLC, Mandalay Employment LLC, Mandalay Place LLC, Mandalay Resort Group, Marina District Development Company LLC, Marina District Development Holding Co. LLC, Mercantile Merger Sub I LLC, Metropolitan Marketing LLC, Mirage Laundry Services Corp., Mirage Resorts LLC, NH Cigars LLC, New Castle LLC, New York-New York Hotel & Casino LLC, New York-New York Tower LLC, Northfield Park Associates LLC, PRMA LLC, PRMA Land Development Company, Park District Holdings LLC, Park Theater LLC, Project CC LLC, Ramparts LLC, San Antonio Starts, Signature Tower 2 LLC, Signature Tower 3 LLC, Signature Tower I LLC, The Mirage Casino-Hotel LLC, The Signature Condominiums LLC, Tower B LLC, Tower C LLC, Turnberry/MGM Grand Tower B LLC, Turnberry/MGM Grand Tower C LLC, Turnberry/MGM Grand Towers LLC, Vdara Condo Hotel LLC, Vendido LLC, Victoria Partners, VidiAd, Vintage Land Holdings II LLC, and Vintage Land Holdings LLC.

MGM Resorts International was founded in 1986.

The official website for MGM Resorts International is www.mgmresorts.com.

MGM Resorts International is headquartered at 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109.

MGM Resorts International's mailing address is 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109. The company can be reached via phone at (702) 693-7120 or via email at [email protected].