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NYSE:MGM

MGM Resorts International (MGM) Stock Price, News & Analysis

MGM Resorts International logo
$37.37 -0.18 (-0.48%)
(As of 11/27/2024 ET)

About MGM Resorts International Stock (NYSE:MGM)

Key Stats

Today's Range
$37.12
$38.06
50-Day Range
$36.23
$41.99
52-Week Range
$33.44
$48.24
Volume
3.18 million shs
Average Volume
4.09 million shs
Market Capitalization
$11.13 billion
P/E Ratio
13.35
Dividend Yield
N/A
Price Target
$52.85
Consensus Rating
Moderate Buy

Company Overview

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. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

MGM Resorts International Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

MGM MarketRank™: 

MGM Resorts International scored higher than 96% of companies evaluated by MarketBeat, and ranked 16th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    MGM Resorts International has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    MGM Resorts International has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about MGM Resorts International's stock forecast and price target.
  • Earnings Growth

    Earnings for MGM Resorts International are expected to decrease by -7.60% in the coming year, from $2.50 to $2.31 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of MGM Resorts International is 13.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.60.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of MGM Resorts International is 13.35, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.97.

  • Price to Earnings Growth Ratio

    MGM Resorts International has a PEG Ratio of 2.74. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    MGM Resorts International has a P/B Ratio of 2.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about MGM Resorts International's valuation and earnings.
  • Percentage of Shares Shorted

    5.95% of the float of MGM Resorts International has been sold short.
  • Short Interest Ratio / Days to Cover

    MGM Resorts International has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in MGM Resorts International has recently decreased by 1.22%, indicating that investor sentiment is improving.
  • Dividend Yield

    MGM Resorts International does not currently pay a dividend.

  • Dividend Growth

    MGM Resorts International does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of MGM Resorts International is 0.36%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, MGM Resorts International will have a dividend payout ratio of 0.43% next year. This indicates that MGM Resorts International will be able to sustain or increase its dividend.

  • Read more about MGM Resorts International's dividend.
  • Percentage of Shares Shorted

    5.95% of the float of MGM Resorts International has been sold short.
  • Short Interest Ratio / Days to Cover

    MGM Resorts International has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in MGM Resorts International has recently decreased by 1.22%, indicating that investor sentiment is improving.
  • News Sentiment

    MGM Resorts International has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for MGM Resorts International this week, compared to 10 articles on an average week.
  • Search Interest

    20 people have searched for MGM on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.
  • MarketBeat Follows

    18 people have added MGM Resorts International to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, MGM Resorts International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,443,120.00 in company stock.

  • Percentage Held by Insiders

    Only 2.13% of the stock of MGM Resorts International is held by insiders.

  • Percentage Held by Institutions

    68.11% of the stock of MGM Resorts International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about MGM Resorts International's insider trading history.
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MGM Stock News Headlines

Las Vegas casino interior
MGM vs. Las Vegas Sands: Which Casino Stock Is the Better Bet?
Casino stocks MGM and Las Vegas Sands recover post-COVID. With MGM trading at a discount, we explore which stock may hold more upside for investors into 2025.
Three Reasons to Avoid MGM and One Stock to Buy Instead
Trump’s “Magic Pattern” targets stock market boom
According to millionaire-trader Jeff Clark, President Trump's bold agenda is poised to unleash a historic trading opportunity. Already, Trump's sweeping victory has launched the DOW, NASDAQ, and BITCOIN to record highs. And now, Jeff has identified a group of niche-sectors poised to surge as President Trump fuels America's economic renaissance.
MGM Resorts price target lowered to $50 from $54 at JMP Securities
See More Headlines

MGM Stock Analysis - Frequently Asked Questions

MGM Resorts International's stock was trading at $44.68 at the beginning of 2024. Since then, MGM shares have decreased by 16.4% and is now trading at $37.37.
View the best growth stocks for 2024 here
.

MGM Resorts International (NYSE:MGM) released its earnings results on Wednesday, October, 30th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by $0.04. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year.
Read the conference call transcript
.

MGM Resorts International's board approved a stock buyback program on Wednesday, November 8th 2023, which authorizes the company to buy back $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 14.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

The following companies are subsidiaries of MGM Resorts International: San Antonio Starts, Borgata Hotel Casino and Spa, Mirage Resorts LLC, 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, and others.

Top institutional investors of MGM Resorts International include State Street Corp (3.14%), Geode Capital Management LLC (1.81%), Fisher Asset Management LLC (1.53%) and Goldentree Asset Management LP (1.01%). Insiders that own company stock include Iac Inc, Keith A Meister, Paul J Salem, William Hornbuckle, Corey Ian Sanders, John Mcmanus, Jonathan S Halkyard, Janet Swartz, Daniel J Taylor, Rose Mckinney-James and Alexis Herman.
View institutional ownership trends
.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that MGM Resorts International investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Salesforce (CRM), Verizon Communications (VZ), Tesla (TSLA) and Humana (HUM).

Company Calendar

Last Earnings
10/30/2024
Today
11/28/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/11/2025

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
CUSIP
55295310
Employees
63,000
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$52.85
High Stock Price Target
$63.00
Low Stock Price Target
$44.00
Potential Upside/Downside
+41.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$1.14 billion
Pretax Margin
7.13%

Debt

Sales & Book Value

Annual Sales
$17.27 billion
Cash Flow
$5.13 per share
Book Value
$12.84 per share

Miscellaneous

Free Float
289,314,000
Market Cap
$11.13 billion
Optionable
Optionable
Beta
2.23

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This page (NYSE:MGM) was last updated on 11/28/2024 by MarketBeat.com Staff
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