JPMorgan Chase & Co. reaffirmed their overweight rating on shares of MGM Resorts International (NYSE:MGM) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a $44.00 price target on the stock, up from their previous price target of $41.00.

A number of other equities analysts have also recently commented on MGM. Deutsche Bank cut shares of MGM Resorts International from a buy rating to a hold rating and set a $36.00 target price on the stock. in a research report on Monday, September 11th. Barclays reiterated an overweight rating on shares of MGM Resorts International in a research report on Monday, October 2nd. UBS Group cut shares of MGM Resorts International from a positive rating to a neutral rating in a research report on Tuesday, October 3rd. Susquehanna Bancshares reiterated a neutral rating and issued a $33.00 target price (down previously from $38.00) on shares of MGM Resorts International in a research report on Tuesday, October 3rd. Finally, Instinet reiterated a buy rating and issued a $40.00 target price on shares of MGM Resorts International in a research report on Tuesday, October 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $36.79.

Shares of MGM Resorts International (MGM) traded up $0.29 during trading hours on Tuesday, reaching $33.92. 5,981,500 shares of the company were exchanged, compared to its average volume of 6,890,000. The stock has a market cap of $19,200.00, a PE ratio of 33.25, a PEG ratio of 6.34 and a beta of 1.45. MGM Resorts International has a one year low of $25.15 and a one year high of $34.65. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.02.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 11th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Friday, December 8th. MGM Resorts International’s payout ratio is 43.14%.

In related news, insider Robert Baldwin sold 61,600 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $32.56, for a total transaction of $2,005,696.00. Following the transaction, the insider now owns 70,049 shares in the company, valued at $2,280,795.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William A. Bible sold 6,128 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $33.23, for a total transaction of $203,633.44. Following the transaction, the director now owns 27,081 shares in the company, valued at approximately $899,901.63. The disclosure for this sale can be found here. Insiders sold 96,877 shares of company stock worth $3,187,002 in the last 90 days. Corporate insiders own 12.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MGM. Schwab Charles Investment Management Inc. increased its position in shares of MGM Resorts International by 5.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 954,302 shares of the company’s stock valued at $29,861,000 after buying an additional 51,780 shares during the period. Comerica Bank increased its position in shares of MGM Resorts International by 3.8% during the second quarter. Comerica Bank now owns 24,687 shares of the company’s stock valued at $839,000 after buying an additional 910 shares during the period. Prudential Financial Inc. increased its position in shares of MGM Resorts International by 5.0% during the second quarter. Prudential Financial Inc. now owns 35,861 shares of the company’s stock valued at $1,122,000 after buying an additional 1,700 shares during the period. Pacer Advisors Inc. increased its position in shares of MGM Resorts International by 8.5% during the second quarter. Pacer Advisors Inc. now owns 10,053 shares of the company’s stock valued at $315,000 after buying an additional 784 shares during the period. Finally, Pacad Investment Ltd. purchased a new position in shares of MGM Resorts International during the second quarter valued at about $169,000. Institutional investors own 82.96% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.watchlistnews.com/mgm-resorts-international-mgm-rating-reiterated-by-jpmorgan-chase-co/1802019.html.

About MGM Resorts International

MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.

Analyst Recommendations for MGM Resorts International (NYSE:MGM)

Receive News & Ratings for MGM Resorts International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGM Resorts International and related companies with Analyst Ratings Network's FREE daily email newsletter.