Analyst Revises MGM Resorts International (NYSE:MGM) Stock Target


MGM Resorts International (NYSE:MGM) mean price target has been set at $28.200 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.140 in the near-term quarter and $0.700 for the ongoing fiscal. The market cap of MGM Resorts International Commo was recorded at $13.46B after the stock closed at $23.815 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. MGM Resorts International (NYSE:MGM) has a P/E ratio of N/A. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. MGM Resorts International (NYSE:MGM) PEG ratio sits at 1.330. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of MGM Resorts International Commo visibly illustrates that the 50-day MA of MGM Resorts International Commo is $22.598, and stock is trading 1.217 or +5.385% distant from $22.598. The 200-day MA is $21.217, and this price is $2.598 or +12.244% off from current level. MGM Resorts International (NYSE:MGM) 52-week high is $25.290 and the 52-week low is $16.180. This represents that if the stock moves $-1.475 points up on the chart to make a 52-week high. But, if it declines $+47.188%, then the shares price can hit a new 52-week low.

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