Published On: Fri, Feb 17th, 2017

Stifel Nicolaus Indicates Potential 30.94% Increase In Shares Of MGM Resorts International


On Friday Stifel Nicolaus reiterated its broker consensus on shares of MGM Resorts International (NYSE:MGM) giving the company a ‘Buy’ rating.

Stifel Nicolaus gave shares of MGM Resorts International a price target of 35 indicating a potential increase of 30.94% from MGM Resorts International’s current price of 26.73.

NYSE:MGM


In the prior 12 months MGM Resorts International’s stock price has increased by 33.18% from 20.07 to 26.73.

MGM Resorts International has 573,366,000 shares in issue which have a share price of 26.73 giving MGM Resorts International a market capitalisation of 15.33B USD .

The 52 week high of MGM Resorts International’s shares is 30.62 whilst the 52 week low for the company’s shares is 17.34. The 50 day moving average of NYSE:MGM is 28.91 and the 200 day moving average is 27.04.

MGM Resorts International is a holding company. The Company owns and operates casino resorts. It operates in two segments: wholly owned domestic resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations. Its wholly owned domestic resorts consisted of casino resorts in Las Vegas, Nevada, which includes Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Monte Carlo and Circus Circus Las Vegas. It also operates other casinos, which includes MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi, and Gold Strike Tunica in Tunica, Mississippi. MGM China’s operations consist of the MGM Macau resort and casino and the development of an integrated casino, hotel, and entertainment resort on the Cotai Strip in Macau.