Argus analysts upgrades MGM Resorts International (NYSE:MGM)
MGM Resorts International (NYSE:MGM) shares were upgraded by Argus analysts from a “hold” to a “buy” rating on Friday and the current PT on the shares is $23.00. Numerous other analysts have weighed on the MGM Resorts International (NYSE:MGM) stock lately. UBS AG upgraded the PT on the company shares from $17.00 to $19.00 on Wednesday and has now assigned a “neutral” rating in the stock.
Zacks analysts have reiterated their “outperform” rating on the stock on 26 August and their PT is now $22.00. Imperial Capital analysts have upped their PT on the shares from $15.00 to $20 on 15 August and have now set an “outperform” rating on the stock.
One research-analyst has assigned a “sell” rating on the stock, 6 have assigned a “hold” rating while 12 analysts have assigned a “buy” rating on the stock. The average rating on the MGM Resorts International (NYSE:MGM) stock is currently a “buy” and the average price target in $21.12.
The company stock rose 1.13% in Wednesday’s trading. The opening price of the shares was $19.78 which climbed to an intraday high of $19.88 and dipped to close at $19.77. Approximately 9.60 million shares exchanged hands on Wednesday and the average volume of the company’s shares traded over a period of 30 days was 8.49 million. The company has a market cap of $9.68 billion.
In separate news, John Mcmanus the company’s executive vice-president sold 6,779 shares of its stock on 13 September. The average sale price of the shares was $18.99 and the transaction totaled $128,733.21. This sale was disclosed in a filing with the SEC. MGM Resorts International (NYSE:MGM) is a holding company.
This hospitality company’s primary business is owning and operating casino resorts. It offers gaming, entertainment, convention, dining, retail as well as various other resort amenities