Analysts have clear opinions on MGM.
There are 9 analysts on the Wall offering 12 month price targets for MGM Resorts in the last 3 months. The average price target is $36.13 with a high forecast of $40.00 and a low forecast of $32.00. The average price target represents a 9.19% increase from the last price of $33.09.
MGM Resorts International (MGM) is followed by 9 analysts on the street.
Harry Curtis from Nomura rates it a Buy with a target of $40.00.
Similarly, Last month Joseph Greff of J.P. Morgan Reiterated a Buy with a target of $39.00.
The consensus on the street is Moderate Buy.
What does MGM Resorts International(MGM) do ?
MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.
MGM Resorts International (MGM) Insider Trades
Multiple company employees have indulged in significant insider trading. MGM Resorts International disclosed the following in a document filed with the US Securities and Exchange Commission (SEC):
Dir, Meister Keith A. : P – Purchase(+$9,205,800) of MGM in the trading session of 2019-11-15.
Dir Meister Keith A. : P – Purchase(+$2,324,867) of MGM in the trading session of 2019-11-04.
Dir Gay Mary Christine : S – Sale(-$151,856) of MGM Resorts International in the trading session of 2019-09-13.
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