MGM Resorts International (NYSE:MGM) Stock Gets Price Target Cut from Truist Financial

MGM Resorts International (NYSE:MGM) had its target price lowered by Truist Financial from $45.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other equities analysts also recently commented on MGM. Jefferies Financial Group reissued a “hold” rating on shares of MGM Resorts International in a report on Thursday, July 2nd. Morgan Stanley cut their target price on shares of MGM Resorts International from $43.00 to $29.00 and set an “underweight” rating for the company in a research note on Monday, October 19th. Weiss Ratings downgraded shares of MGM Resorts International from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, October 26th. Citigroup reduced their price target on shares of MGM Resorts International from $48.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Finally, UBS Group decreased their price target on shares of MGM Resorts International from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.18.

MGM Resorts International Stock Up 3.8%

NYSE MGM opened at $29.92 on Thursday. The stock’s 50 day moving average is $34.79 and its 200 day moving average is $39.00. The company has a current ratio of 1.24, a quick ratio of 1.30 and a debt-to-equity ratio of 1.68. MGM Resorts International has a 12 month low of $26.71 and a 12 month high of $51.59. The stock has a market cap of $7.57 billion, a PE ratio of 11.38, a P/E/G ratio of 1.68 and a beta of 1.35.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Wednesday, October 28th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). MGM Resorts International had a return on equity of 20.58% and a net margin of 3.92%. The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. Research analysts predict that MGM Resorts International will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On MGM Resorts International

Large investors have recently bought and sold shares of the business. Whittier Trust Co. lifted its position in MGM Resorts International by 2.5% during the first quarter. Whittier Trust Co. now owns 10,778 shares of the company’s stock valued at $405,000 after purchasing an additional 262 shares during the last quarter. Tema ETFs LLC grew its stake in shares of MGM Resorts International by 10.6% in the 2nd quarter. Tema ETFs LLC now owns 3,016 shares of the company’s stock worth $144,000 after buying an additional 290 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of MGM Resorts International by 4.4% in the 2nd quarter. New Mexico Educational Retirement Board now owns 9,550 shares of the company’s stock worth $457,000 after buying an additional 400 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of MGM Resorts International by 41.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,437 shares of the company’s stock worth $45,000 after buying an additional 420 shares during the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of MGM Resorts International by 2.9% in the 1st quarter. HB Wealth Management LLC now owns 16,440 shares of the company’s stock worth $608,000 after buying an additional 458 shares during the last quarter. Institutional investors own 68.11% of the company’s stock.

Key Stories Impacting MGM Resorts International

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Digital gaming momentum: BetMGM’s third-quarter net revenue increased 7%, and its first 100 days in Alberta reportedly outperformed the company’s Ontario launch, supporting the growth outlook for MGM’s online betting and iGaming operations. BetMGM Marks 100 Days in Alberta
• Positive Sentiment: Macau remains a bright spot: MGM China reported record third-quarter revenue and adjusted EBITDA, while market share reached a record 17.1%, indicating resilient Chinese gaming demand and execution. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: Some operational strength: Las Vegas slot win reached a new resort record, and JPMorgan and Truist kept bullish ratings despite lowering their targets. JPMorgan’s revised target implies substantial upside, while Truist maintained a “buy” rating.
• Neutral Sentiment: People Inc. deal talks ended: MGM’s CEO said the company is no longer pursuing negotiations with People Inc. The decision removes potential transaction uncertainty but also eliminates any near-term expansion catalyst. MGM Ends Deal Talks With People Inc.
• Negative Sentiment: Quarterly earnings missed: MGM posted a third-quarter loss of $0.11 per share, versus analyst expectations for a profit, while revenue was roughly flat year over year. MGM Reports Q3 Loss
• Negative Sentiment: Las Vegas weakness is weighing on sentiment: Lower room rates and weaker regional profitability pressured results, contributing to the stock reaching a new 52-week low. MGM Las Vegas Revenue and Earnings Fall
• Negative Sentiment: Analyst caution increased: Wells Fargo cut its target to $28 and assigned an “equal weight” rating. Stifel also lowered its target to $35 and moved to “hold,” while Truist and JPMorgan reduced their targets despite retaining bullish ratings.

MGM Resorts International Company Profile

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.