Citigroup Issues Pessimistic Forecast for MGM Resorts International (NYSE:MGM) Stock Price

MGM Resorts International (NYSE:MGM) had its target price decreased by equities researchers at Citigroup from $41.00 to $40.00 in a report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 3.69% from the company’s current price.

Several other brokerages also recently weighed in on MGM. Capital One Financial lifted their target price on shares of MGM Resorts International from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Mizuho lowered their target price on shares of MGM Resorts International from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of MGM Resorts International from $43.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, February 12th. KeyCorp raised shares of MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 target price on the stock in a report on Monday, April 27th. Finally, Barclays lifted their target price on shares of MGM Resorts International from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.12.

MGM Resorts International Trading Down 0.9%

Shares of MGM Resorts International stock opened at $38.58 on Thursday. MGM Resorts International has a 1 year low of $29.18 and a 1 year high of $40.94. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.20 and a current ratio of 1.33. The company has a market capitalization of $9.87 billion, a P/E ratio of 53.58 and a beta of 1.28. The company’s fifty day moving average is $37.14 and its two-hundred day moving average is $35.38.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). MGM Resorts International had a return on equity of 24.43% and a net margin of 1.03%.The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts forecast that MGM Resorts International will post 2.03 earnings per share for the current year.

Insider Activity

In other MGM Resorts International news, major shareholder Iac Inc. bought 450,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average price of $37.13 per share, for a total transaction of $16,708,500.00. Following the completion of the transaction, the insider owned 66,822,350 shares in the company, valued at approximately $2,481,113,855.50. The trade was a 0.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith A. Meister sold 37,500 shares of MGM Resorts International stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the transaction, the director owned 5,347,978 shares of the company’s stock, valued at approximately $183,275,206.06. The trade was a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On MGM Resorts International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC acquired a new position in MGM Resorts International during the second quarter worth about $25,000. Global Retirement Partners LLC raised its position in MGM Resorts International by 55.9% during the fourth quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock worth $29,000 after acquiring an additional 281 shares during the last quarter. International Assets Investment Management LLC acquired a new position in MGM Resorts International during the first quarter worth about $30,000. Mather Group LLC. acquired a new position in MGM Resorts International during the third quarter worth about $33,000. Finally, Elyxium Wealth LLC acquired a new position in MGM Resorts International during the fourth quarter worth about $42,000. Institutional investors and hedge funds 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: Q1 revenue beat and record net revenues driven by digital and China growth — company reported $4.45B in revenue (+4.2% Y/Y) with management citing digital and China as growth engines. MGM Q1 Earnings (Yahoo)
• Positive Sentiment: MGM China strong quarterly results and Macau recovery — MGM China reported double-digit revenue growth and higher visitor arrivals, supporting the group’s Asia exposure. MGM China Q1 (PR Newswire)
• Positive Sentiment: Las Vegas momentum: management highlighted stronger convention bookings and first-year-on-year Las Vegas net revenue growth in Q1 after tough comparables. Las Vegas uptick (HotelDive)
• Neutral Sentiment: Mixed analyst actions — several houses adjusted targets and ratings (Goldman raised PT but kept a sell, JPMorgan and Citi trimmed PTs but kept neutral, Truist lifted its PT to $42). These conflicting signals create uneven analyst guidance. Analyst moves (MarketScreener)
• Neutral Sentiment: Earnings-call tone: management said growth engines “beat headwinds” but also flagged cost pressures; investors must judge sustainability of revenue mix versus margin headwinds. Earnings call recap (TipRanks)
• Negative Sentiment: EPS miss and margin pressure — non-GAAP EPS of $0.49 missed consensus (~$0.56), and EBITDA in Las Vegas declined due to higher costs, which pressured the stock. Earnings details (Yahoo)
• Negative Sentiment: Jefferies downgraded MGM to Hold (from Buy), cutting its PT to $44 and citing concerns about the company’s capital structure and limited near-term growth — a clear negative that likely influenced selling. Jefferies downgrade (Yahoo/Investing)
• Negative Sentiment: Ongoing leverage and margin uncertainty — analysts and investors remain focused on debt levels (debt/equity ~1.9) and whether free cash flow will improve fast enough to justify higher valuations. Q1 metrics (Yahoo)

MGM Resorts International Company Profile

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.