MGM Resorts International Stock Forecast, Price & News

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MGM stock has increased by 64.8% and is now trading at $29.80.
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20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 4 sell ratings, 14 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MGM Resorts International stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGM, but not buy additional shares or sell existing shares.
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Wall Street analysts have given MGM Resorts International a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MGM Resorts International wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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MGM Resorts International is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
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MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Thursday, October, 29th. The company reported ($1.08) earnings per share for the quarter, beating analysts' consensus estimates of ($1.10) by $0.02. The business earned $1.13 billion during the quarter, compared to analyst estimates of $1.30 billion. MGM Resorts International had a negative return on equity of 12.08% and a net margin of 20.81%. MGM Resorts International's quarterly revenue was down 66.0% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS.
View MGM Resorts International's earnings history.

MGM Resorts International announced a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, December 10th will be given a dividend of $0.0025 per share on Tuesday, December 15th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, December 9th.
View MGM Resorts International's dividend history.

MGM Resorts International pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.03%. The dividend payout ratio of MGM Resorts International is 1.30%. This payout ratio is at a healthy, sustainable level, below 75%.
View MGM Resorts International's dividend history.

20 analysts have issued 1-year price objectives for MGM Resorts International's stock. Their forecasts range from $10.00 to $32.00. On average, they expect MGM Resorts International's stock price to reach $20.56 in the next twelve months. This suggests that the stock has a possible downside of 31.0%.
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MGM Resorts International saw a drop in short interest during the month of December. As of December 31st, there was short interest totaling 25,500,000 shares, a drop of 20.6% from the December 15th total of 32,110,000 shares. Based on an average daily trading volume, of 9,940,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 5.9% of the company's stock are short sold.
View MGM Resorts International's Short Interest.

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), Boyd Gaming (BYD), Scientific Games (SGMS), International Game Technology (IGT) and Monarch Casino & Resort (MCRI).
View all of MGM's competitors.

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 variety of retail and institutional investors. Top institutional investors include First Citizens Bank & Trust Co. (0.03%), State of Alaska Department of Revenue (0.01%), IFM Investors Pty Ltd (0.01%), Triangle Securities Wealth Management (0.01%), Louisiana State Employees Retirement System (0.01%) and Redpoint Investment Management Pty Ltd (0.00%). Company insiders that own MGM Resorts International stock include Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, James Murren, John Mcmanus, Keith A Meister, Mary Christine Gay, Paul J Salem, Rose Mckinney-James and William Hornbuckle.
View institutional ownership trends for MGM Resorts International.

MGM stock was sold by a variety of institutional investors in the last quarter, including First Citizens Bank & Trust Co., State of Alaska Department of Revenue, and Triangle Securities Wealth Management. Company insiders that have sold MGM Resorts International company stock in the last year include Daniel J Taylor, James Murren, and John Mcmanus.
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MGM stock was bought by a variety of institutional investors in the last quarter, including Coastal Investment Advisors Inc., IFM Investors Pty Ltd, Brookstone Capital Management, Louisiana State Employees Retirement System, Redpoint Investment Management Pty Ltd, and TRUE Private Wealth Advisors. 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, Mary Christine Gay, Paul J Salem, and William Hornbuckle.
View insider buying and selling activity for MGM Resorts International or or view top insider-buying stocks.

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.

One share of MGM stock can currently be purchased for approximately $29.80.

MGM Resorts International has a market capitalization of $14.72 billion and generates $12.90 billion in revenue each year. The company earns $2.05 billion in net income (profit) each year or $0.77 on an earnings per share basis. MGM Resorts International employs 52,000 workers across the globe.

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

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]