Media coverage about MGM Resorts International (NYSE:MGM) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MGM Resorts International earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.4163919914984 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
Shares of MGM Resorts International (NYSE:MGM) traded down $1.00 on Friday, hitting $35.83. 1,342,423 shares of the stock traded hands, compared to its average volume of 7,683,198. MGM Resorts International has a 52 week low of $25.15 and a 52 week high of $38.41. The firm has a market capitalization of $20,635.74 and a P/E ratio of 35.65. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26.
MGM Resorts International (NYSE:MGM) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the 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 expect that MGM Resorts International will post 1.09 EPS for the current fiscal year.
Several equities research analysts recently issued reports on MGM shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $44.00 target price (up from $41.00) on shares of MGM Resorts International in a research report on Tuesday, January 9th. Roth Capital assumed coverage on shares of MGM Resorts International in a report on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price target on the stock. Zacks Investment Research lowered shares of MGM Resorts International from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Morgan Stanley set a $35.00 price objective on shares of MGM Resorts International and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Nomura dropped 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. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.20.
In other MGM Resorts International news, insider Robert Baldwin sold 61,600 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $32.56, for a total value of $2,005,696.00. Following the sale, the insider now directly owns 70,049 shares in the company, valued at $2,280,795.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William A. Bible sold 6,128 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $33.23, for a total transaction of $203,633.44. Following the completion of the sale, the director now owns 27,081 shares in the company, valued at $899,901.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,877 shares of company stock worth $3,187,002. Company insiders own 12.20% of the company’s stock.
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MGM Resorts International Company Profile
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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