Analysts projected the minimum sales estimate of $2,213.30M and some analysts told that the stock may achieve maximum sales of $2,476.90M. Nomura reissued a buy rating and set a $28.00 price objective on shares of MGM Resorts International in a research report on Wednesday, June 1st.
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05/12/2016 – MGM Resorts International had its “hold” rating reiterated by analysts at Argus.
Short puts lock in a price where investors must buy a stock, while letting them collect premium.
One Month Ago Analyst Ratings: The Company has received mean Analyst rating of 1.67 from polled analysts at Reuters One Month Ago. They now have a United States dollars 25 price target on the stock. “1” said the company as a “Hold”. After the 1st trading documented at $24.86, the company was seen striking $25.11 as it’s a day high price and $24.64 as its low price.
MGM Resorts International has a 50 day moving average of 24.20 and a 200 day moving average of 22.71. Narrowing in further, the stock has been recently noted at 0.20% away from the 50 day high and 14.38% separated from the 50 day low.
Earnings Surprise: According to the earnings report released for Quarter Ending Jun-16, The Company posted actual earnings of $0.30 per share whereas the Analysts projected earnings were $0.23 per share. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.33 billion. MGM Resorts International had a positive return on equity of 3.65% and a negative net margin of 1.90%. The one year high of the company is $61.90 and the one year low is $41.15.
In related news, major shareholder Corp Tracinda sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st.
A trader is betting that MGM Resorts to hold its ground through early next year. Meanwhile, EVP GENERAL COUNSEL AND SECY McManus John sold 12,363 shares worth $302000.15, through a transaction dated 2016-08-31. The Company owns and operates casino resorts. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The stock was sold at an average price of C$24.66, for a total value of C$58,962.06.
Analysts are expecting that the company to achieve $29.56 Price Target in next 52-weeks, average price is come up through the consensus of analysts. The disclosure for this sale can be found here. The median 12-month price target of 15 analysts covering the company is $30.00, which suggests the stock could still gain more than 15 percent. Tower Research Capital LLC TRC acquired a new position in MGM Resorts International during the second quarter worth $182,000. Quantitative Systematic Strategies LLC now owns 35,427 shares of the company’s stock valued at $754,000 after buying an additional 4,957 shares during the last quarter.
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MGM Resorts International is a holding company. Exane Derivatives now owns 4,698 shares of the company’s stock worth $101,000 after buying an additional 3,601 shares during the period. The corporation showed significant change in the EPS section with its current EPS of -0.32. Using this rating scale, a 1 would represent a Strong Buy, and a 5 rating would represent a Strong Sell rating. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of MGM Resorts International by 10.4% in the first quarter.
