MGM Resorts International found using ticker (MGM) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 68 and 36 with the average target price sitting at 55.07. With the stocks previous close at 41.98 this indicates there is a potential upside of 31.2%. The 50 day moving average now sits at 43.18 and the 200 day moving average is 42.48. The market capitalisation for the company is $19,546m. Company Website: https://www.mgmresorts.com
The potential market cap would be $25,641m based on the market concensus.
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. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. 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.
