MGM Resorts International with ticker code (MGM) have now 16 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 68 and 38 calculating the mean target price we have $54.48. Now with the previous closing price of $43.36 this would imply there is now a potential upside of 25.6%. The 50 day MA is $42.98 while the 200 day moving average is $36.31. The market capitalization for the company is $16,027m. Visit the company website at: https://www.mgmresorts.com
The potential market cap would be $20,137m based on the market consensus.
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company’s casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
The company has a dividend yield of 0.02% with the ex dividend date set at 8-12-2022 (DMY).
Other points of data to note are a P/E ratio of 12.32, revenue per share of 31.97 and a -2.48% return on assets.
