MGM Resorts International (NYSE:MGM) registered a 1.05% increase, still its new closing price is 84.12% up from the company’s 1 year high of 30.62.It posted 3.65% gains in previous 5 sessions and is now the subject of 0 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 8 buy or better ratings. The 20 stock analysts following this company have an average price target at $34.50, with individual PT in the $31.00-$39.00 range. The shares moved at $29.79, implying that brokerage firms see shares gaining about 54.51% in twelve months time.
MGM Resorts International (MGM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 3.33% rise year to date. A EXECUTIVE VICE PRESIDENT & CFO at MGM Resorts International (MGM) offloaded shares in a transaction closed on Tuesday December 13, 2016. D’ARRIGO DANIEL sold 32,618 shares in the company at $30.07 each and collected $980,001 in proceeds. D’ARRIGO DANIEL now owns 121,222 shares in the company after this transaction. A PRESIDENT in the company, HORNBUCKLE WILLIAM, disclosed a transaction on Tuesday November 29, 2016 that ended up generating $1,356,000 from the sale of 46,772 shares at $29 per share.
MGM Resorts International (NYSE:MGM) Upcoming Results on Tap
MGM Resorts International will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.39 in that period. Sales during the quarter are predicted to arrive at $2.64 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.52 billion in revenue and EPS of $0.35. The mean forecast was for $2.39 billion and $0.14 a share, respectively. One quarter earlier, revenue for the stock was at $2.27 billion, with earnings at $0.30/share.
MGM Resorts International (MGM) Brokerage Update
MGM Resorts International (MGM) is in Argus’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Argus, according to news reported on Thursday October 06, 2016.Another important research note was issued by UBS on Monday November 02, 2015.The firm upgraded MGM to Buy from Neutral. Over the last six months and over the last three months, the shares of MGM Resorts International (MGM), have changed 22.95% and 14.01%, respectively.