MGM Resorts International Stock Forecast, Price & News

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGM stock has increased by 20.2% and is now trading at $21.73.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 4 sell ratings, 11 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for MGM Resorts International.

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for MGM Resorts International.

MGM Resorts International will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

MGM Resorts International (NYSE:MGM) issued its quarterly earnings results on Thursday, July, 30th. The company reported ($1.52) earnings per share for the quarter, beating the Zacks' consensus estimate of ($1.65) by $0.13. The firm earned $289.81 million during the quarter, compared to the consensus estimate of $442.57 million. MGM Resorts International had a negative return on equity of 6.64% and a net margin of 21.28%.
View MGM Resorts International's earnings history.

MGM Resorts International declared a quarterly dividend on Thursday, July 30th. Investors of record on Thursday, September 10th will be given a dividend of $0.0025 per share on Tuesday, September 15th. This represents a $0.01 annualized dividend and a yield of 0.05%. The ex-dividend date is Wednesday, September 9th. This is an increase from MGM Resorts International's previous quarterly dividend of $0.00.
View MGM Resorts International's dividend history.

16 brokerages have issued twelve-month price targets for MGM Resorts International's shares. Their forecasts range from $10.00 to $30.00. On average, they anticipate MGM Resorts International's share price to reach $18.87 in the next year. This suggests that the stock has a possible downside of 13.2%.
View analysts' price targets for MGM Resorts International.

MGM Resorts International saw a decline in short interest during the month of September. As of September 30th, there was short interest totaling 41,630,000 shares, a decline of 17.0% from the September 15th total of 50,180,000 shares. Based on an average daily trading volume, of 18,140,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 9.7% of the company's shares are sold short.
View MGM Resorts International's Short Interest.

Some companies that are related to MGM Resorts International include Las Vegas Sands (LVS), Penn National Gaming (PENN), Caesars Entertainment (CZR), 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).
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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 many different institutional and retail investors. Top institutional investors include New England Investment & Retirement Group Inc. (0.07%), Envestnet Asset Management Inc. (0.07%), Nisa Investment Advisors LLC (0.07%), Standard Life Aberdeen plc (0.04%), Consolidated Investment Group LLC (0.04%) and Retirement Systems of Alabama (0.03%). 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, Phyllis James, 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 State of Alaska Department of Revenue, Retirement Systems of Alabama, Standard Life Aberdeen plc, State of Michigan Retirement System, Pacer Advisors Inc., Wedbush Securities Inc., Pinnacle Associates Ltd., and Xponance Inc.. Company insiders that have sold MGM Resorts International company stock in the last year include Daniel J Taylor, James Murren, and John Mcmanus.
View insider buying and selling activity for MGM Resorts International.

MGM stock was acquired by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Envestnet Asset Management Inc., Hollencrest Capital Management, First Citizens Bank & Trust Co., Consolidated Investment Group LLC, Meridian Investment Counsel Inc., Avantax Advisory Services Inc., and Vivid Financial Management Inc.. 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.

Shares of MGM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MGM stock can currently be purchased for approximately $21.73.

MGM Resorts International has a market capitalization of $10.72 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]