Mizuho Forecasts Strong Price Appreciation for MGM Resorts International (NYSE:MGM) Stock

MGM Resorts International (NYSE:MGM - Free Report) had its price target increased by Mizuho from $56.00 to $60.00 in a research report report published on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other research firms have also weighed in on MGM. Capital One Financial increased their price objective on shares of MGM Resorts International from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Jefferies Financial Group cut their price target on MGM Resorts International from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Susquehanna Bancshares boosted their price objective on MGM Resorts International from $53.00 to $56.00 in a report on Wednesday, February 12th. Morgan Stanley upped their target price on MGM Resorts International from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Finally, Barclays lifted their price target on MGM Resorts International from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, MGM Resorts International currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.47.

MGM Resorts International Stock Performance

MGM Resorts International stock traded down $0.56 during trading hours on Thursday, hitting $39.82. 6,451,467 shares of the stock traded hands, compared to its average volume of 4,507,628. The firm's 50 day moving average price is $34.38 and its 200-day moving average price is $36.73. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.24 and a quick ratio of 1.21. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 2.94 and a beta of 2.20. MGM Resorts International has a 1 year low of $31.61 and a 1 year high of $48.24.

MGM Resorts International (NYSE:MGM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.08. MGM Resorts International had a return on equity of 25.84% and a net margin of 5.23%. As a group, equities analysts expect that MGM Resorts International will post 2.37 EPS for the current fiscal year.

Insider Transactions at MGM Resorts International

In other news, Director Keith A. Meister sold 51,000 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $36.57, for a total value of $1,865,070.00. Following the transaction, the director now directly owns 5,687,478 shares of the company's stock, valued at approximately $207,991,070.46. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.13% of the company's stock.

Institutional Trading of MGM Resorts International

Large investors have recently bought and sold shares of the business. CWM LLC increased its stake in shares of MGM Resorts International by 8.4% in the 3rd quarter. CWM LLC now owns 10,984 shares of the company's stock worth $429,000 after acquiring an additional 854 shares during the last quarter. Creative Planning increased its position in MGM Resorts International by 8.4% during the third quarter. Creative Planning now owns 77,682 shares of the company's stock worth $3,037,000 after purchasing an additional 6,040 shares during the last quarter. Vontobel Holding Ltd. raised its stake in MGM Resorts International by 37.9% during the third quarter. Vontobel Holding Ltd. now owns 20,426 shares of the company's stock worth $798,000 after purchasing an additional 5,611 shares during the period. nVerses Capital LLC boosted its holdings in MGM Resorts International by 233.3% in the 3rd quarter. nVerses Capital LLC now owns 21,000 shares of the company's stock valued at $821,000 after purchasing an additional 14,700 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of MGM Resorts International by 31.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 6,939 shares of the company's stock valued at $271,000 after buying an additional 1,643 shares during the period. Hedge funds and other institutional investors own 68.11% of the company's stock.

MGM Resorts International Company Profile

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. 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.