Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on MGM Resorts Intl MGM in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 2 | 0 | 0 |
| Last 30D | 1 | 2 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 4 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $55.0, a high estimate of $62.00, and a low estimate of $45.00. This current average has increased by 7.23% from the previous average price target of $51.29.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive MGM Resorts Intl is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph Greff | JP Morgan | Raises | Overweight | $57.00 | $54.00 |
| Joseph Stauff | Susquehanna | Raises | Positive | $54.00 | $46.00 |
| Ben Chaiken | Mizuho | Raises | Buy | $62.00 | $61.00 |
| Vitaly Umansky | Seaport Global | Announces | Buy | $56.00 | - |
| Stephen Grambling | Morgan Stanley | Raises | Equal-Weight | $46.00 | $45.00 |
| Ben Chaiken | Mizuho | Announces | Buy | $61.00 | - |
| Stephen Grambling | Morgan Stanley | Raises | Equal-Weight | $45.00 | $44.00 |
| Jordan Bender | JMP Securities | Maintains | Market Outperform | $57.00 | - |
| Chad Beynon | Macquarie | Maintains | Outperform | $58.00 | - |
| Joseph Greff | JP Morgan | Raises | Overweight | $54.00 | $52.00 |
| Brandt Montour | Barclays | Lowers | Overweight | $55.00 | $57.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to MGM Resorts Intl. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MGM Resorts Intl compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of MGM Resorts Intl's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of MGM Resorts Intl's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on MGM Resorts Intl analyst ratings.
Discovering MGM Resorts Intl: A Closer Look
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns U.S. regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
Breaking Down MGM Resorts Intl's Financial Performance
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining MGM Resorts Intl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 21.81% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.18%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): MGM Resorts Intl's ROE excels beyond industry benchmarks, reaching 8.08%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): MGM Resorts Intl's ROA stands out, surpassing industry averages. With an impressive ROA of 0.74%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: MGM Resorts Intl's debt-to-equity ratio stands notably higher than the industry average, reaching 8.3. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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