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vegassports-odds.com March 30, 2017


Burning Stock on the move: MGM Resorts International (MGM)

20 March 2017, 06:42 | Melvin Schneider

The short ratio in the company's stock is documented at 1.87 and the short float is around of 3.05%.

U.S. based company, MGM Resorts International (MGM)'s latest closing price distance was 5.49% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -0.85% and 5.04% compared with the 20 Day Moving Average. They presently have a $33.00 price target on the stock, down from their previous price target of $34.00.

Relative strength index (RSI-14) for MGM Resorts International (NYSE:MGM) is at 57.73. MGM Resorts International has an average rating of "Buy" and a consensus target price of $32.72.

Analysts that track the company may use various metrics to aid with calculating target price predictions. MGM Resorts International has a 1-year low of $20.14 and a 1-year high of $30.62. This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately. 18 Analysts reported that the Price Target for MGM Resorts International might touch $37 high while the Average Price Target and Low price Target is $33.39 and $31 respectively. The volume of the company in the last trading session was 15.09 Million.

This month, the Las Vegas Global Economic Alliance announced that MGM Resorts International (NYSE:MGM) Senior Vice President and Chief Sustainability Officer Cindy Ortega will join its Board of Directors, the largest C-level business board in Southern Nevada, consisting of the region's top public, private, business and community leaders charged with expanding and diversifying the regional economy. Based on the filings, last years Annual Earnings was, $1.22.

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03/06/2017 - MGM Resorts International had its " rating reiterated by analysts at Deutsche Bank. According to the Analysts, the Low Earnings estimate for the current quarter is $0.2, while the High earnings estimate is $0.45.Comparatively, EPS for the same quarter past year was $0.2.

Bullish analyst anticipates the firm posting EPS of $1.69 whereas the bearish target is $0.86.

For the past 5 years, MGM Resorts International's EPS growth has been almost -19.1%. The shares were sold at an average price of $26.26, for a total transaction of $2,787,761.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was acquired at an average cost of $26.74 per share, for a total transaction of $30,751.00. The company's outstanding shares are 1.17 Billion. The disclosure for this purchase can be found here.

Wasl Asset Management is responsible for managing assets in non-freehold areas of Dubai. Ltd. now owns 65,304 shares of the company's stock valued at $1,700,000 after buying an additional 1,609 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of MGM Resorts International by 3.2% in the third quarter. The Company?s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations.



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