MGM Resorts International which can be found using ticker (MGM) have now 16 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 68 and 38 calculating the mean target price we have $54.48. Now with the previous closing price of $42.68 and the analysts are correct then there would likely be a percentage uptick in value of 27.6%. It’s also worth noting that there is a 50 day moving average of $42.01 and the 200 day moving average is $35.44. The company has a market capitalization of $15,551m. You can visit the company’s website by visiting: https://www.mgmresorts.com
The potential market cap would be $19,851m 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 11.99, revenue per share of 31.97 and a -2.48% return on assets.
