A Closer Look at 9 Analyst Recommendations For MGM Resorts Intl


During the last three months, 9 analysts shared their evaluations of MGM Resorts Intl MGM, revealing diverse outlooks from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

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

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $54.33, along with a high estimate of $61.00 and a low estimate of $45.00. This upward trend is apparent, with the current average reflecting a 9.76% increase from the previous average price target of $49.50.

Understanding Analyst Ratings: A Comprehensive Breakdown

An in-depth analysis of recent analyst actions unveils how financial experts perceive MGM Resorts Intl. The following summary 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
Vitaly Umansky Seaport Global Announces Buy $56.00 -
Stephen Grambling Morgan Stanley Raises Equal-Weight $46.00 $45.00
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:

  • 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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MGM Resorts Intl compared to the broader market.
  • Price Targets: Understanding forecasts, analysts offer estimates for MGM Resorts Intl's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of MGM Resorts Intl's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on MGM Resorts Intl analyst ratings.

All You Need to Know About MGM Resorts Intl

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.

MGM Resorts Intl: A Financial Overview

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Revenue Growth: MGM Resorts Intl's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 21.81%. This indicates a substantial increase in the company's 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.18%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): MGM Resorts Intl's ROE excels beyond industry benchmarks, reaching 8.08%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): MGM Resorts Intl's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.74% ROA, the company effectively utilizes its assets for optimal returns.

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: What Are They?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically 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.

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