Nomura analyst Harry Curtis maintained a Buy rating on MGM Resorts (NYSE: MGM) today and set a price target of $39. The company’s shares closed on Friday at $28.97, close to its 52-week low of $27.88.
Curtis has an average return of 6.9% when recommending MGM Resorts.
According to TipRanks.com, Curtis is ranked #264 out of 4835 analysts.
Currently, the analyst consensus on MGM Resorts is a Moderate Buy with an average price target of $38.40.
MGM Resorts’ market cap is currently $16.13B and has a P/E ratio of 8.52. The company has a Price to Book ratio of 2.19.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
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MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Domestic Resorts, MGM China, and Corporate and Other.