Breaking Down MGM Resorts Intl: 7 Analysts Share Their Views

Loading...
Loading...

7 analysts have expressed a variety of opinions on MGM Resorts Intl MGM over the past quarter, offering a diverse set of opinions from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 5 1 0 0
Last 30D 1 0 0 0 0
1M Ago 0 0 1 0 0
2M Ago 0 5 0 0 0
3M Ago 0 0 0 0 0

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $55.29, along with a high estimate of $61.00 and a low estimate of $45.00. Marking an increase of 8.41%, the current average surpasses the previous average price target of $51.00.

Diving into Analyst Ratings: An In-Depth Exploration

The standing of MGM Resorts Intl among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Ben Chaiken Mizuho Announces Buy $61.00 -
Stephen Grambling Morgan Stanley Raises Equal-Weight $45.00 $44.00
Jordan Bender JMP Securities Maintains Market Outperform $57.00 -
Chad Beynon Macquarie Maintains Outperform $58.00 -
Joseph Greff JP Morgan Raises Overweight $54.00 $52.00
Brandt Montour Barclays Lowers Overweight $55.00 $57.00
Jordan Bender JMP Securities Maintains Market Outperform $57.00 -

Key Insights:

Loading...
Loading...
  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to MGM Resorts Intl. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MGM Resorts Intl compared to the broader market.
  • Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of MGM Resorts Intl's stock. This examination reveals shifts in analysts' expectations over time.

To gain a panoramic view of MGM Resorts Intl's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on MGM Resorts Intl analyst ratings.

Discovering MGM Resorts Intl: A Closer Look

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns U.S. regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

Breaking Down MGM Resorts Intl's Financial Performance

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Positive Revenue Trend: Examining MGM Resorts Intl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 21.81% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: MGM Resorts Intl's net margin excels beyond industry benchmarks, reaching 7.18%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): MGM Resorts Intl's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 8.08%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): MGM Resorts Intl's ROA excels beyond industry benchmarks, reaching 0.74%. This signifies efficient management of assets and strong financial health.

Debt Management: MGM Resorts Intl's debt-to-equity ratio is notably higher than the industry average. With a ratio of 8.3, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

Analyst Ratings: Simplified

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst RatingsBZI-AAR
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...