News stories about MGM Resorts International (NYSE:MGM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MGM Resorts International earned a news impact score of 0.19 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.2783048627791 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
A number of equities research analysts have recently commented on MGM shares. Morgan Stanley set a $34.00 price objective on shares of MGM Resorts International and gave the company a “buy” rating in a research note on Friday, October 13th. Nomura reduced their price objective on shares of MGM Resorts International from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Roth Capital started coverage on shares of MGM Resorts International in a research note on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price objective on the stock. Zacks Investment Research lowered shares of MGM Resorts International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, UBS Group lowered shares of MGM Resorts International from a “positive” rating to a “neutral” rating in a research note on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. MGM Resorts International presently has a consensus rating of “Buy” and a consensus target price of $36.79.
Shares of MGM Resorts International (MGM) traded down $0.47 during midday trading on Thursday, reaching $36.07. 6,089,837 shares of the company traded hands, compared to its average volume of 7,100,000. The company has a market capitalization of $20,420.00, a price-to-earnings ratio of 35.36, a PEG ratio of 6.57 and a beta of 1.45. MGM Resorts International has a fifty-two week low of $25.15 and a fifty-two week high of $36.65. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.02.
MGM Resorts International (NYSE:MGM) last issued its earnings results on Wednesday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. MGM Resorts International had a net margin of 5.44% and a return on equity of 6.47%. equities analysts anticipate that MGM Resorts International will post 1.09 EPS for the current year.
In related news, Director Sean Charland bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of $22.50 per share, with a total value of $562,500.00. Also, EVP John Mcmanus sold 10,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.35, for a total transaction of $333,500.00. Following the transaction, the executive vice president now directly owns 54,337 shares in the company, valued at $1,812,138.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,877 shares of company stock worth $3,187,002. 12.20% of the stock is owned by insiders.
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About MGM Resorts International
MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.
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