TheStreet upgraded shares of MGM Resorts International (NYSE:MGM) from a c rating to a b+ rating in a research note released on Wednesday, TheStreetRatingsTable reports.

Several other brokerages also recently issued reports on MGM. Cfra downgraded shares of MGM Resorts International to a sell rating in a research report on Friday, February 7th. Roth Capital reiterated a buy rating on shares of MGM Resorts International in a research report on Thursday, October 31st. Zacks Investment Research upgraded shares of MGM Resorts International from a hold rating to a buy rating and set a $34.00 price target on the stock in a research report on Friday, February 7th. SunTrust Banks reduced their price target on shares of MGM Resorts International from $35.00 to $34.00 and set a hold rating on the stock in a research report on Thursday. Finally, Barclays upped their target price on shares of MGM Resorts International from $37.00 to $40.00 and gave the company an overweight rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $32.92.

NYSE MGM traded down $0.28 on Wednesday, hitting $31.52. 10,274,889 shares of the company were exchanged, compared to its average volume of 6,179,432. The firm has a 50 day moving average of $32.66 and a two-hundred day moving average of $30.35. The company has a market cap of $16.36 billion, a P/E ratio of -3,152.00, a P/E/G ratio of 2.14 and a beta of 1.50. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 1.47. MGM Resorts International has a 1-year low of $23.68 and a 1-year high of $34.63.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.16). The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.21 billion. MGM Resorts International had a return on equity of 4.10% and a net margin of 0.11%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS. Research analysts anticipate that MGM Resorts International will post 0.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 9th. This is an increase from MGM Resorts International’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.90%. MGM Resorts International’s dividend payout ratio is presently 52.53%.

Institutional investors have recently added to or reduced their stakes in the business. Price Wealth LLC acquired a new position in MGM Resorts International during the 4th quarter valued at about $38,000. NuWave Investment Management LLC increased its stake in shares of MGM Resorts International by 436.9% in the 4th quarter. NuWave Investment Management LLC now owns 1,396 shares of the company’s stock valued at $46,000 after acquiring an additional 1,136 shares during the last quarter. Rational Advisors LLC increased its stake in shares of MGM Resorts International by 35.7% in the 4th quarter. Rational Advisors LLC now owns 1,396 shares of the company’s stock valued at $46,000 after acquiring an additional 367 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of MGM Resorts International by 258.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,877 shares of the company’s stock valued at $62,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of MGM Resorts International by 979.9% in the 4th quarter. Huntington National Bank now owns 1,879 shares of the company’s stock valued at $63,000 after acquiring an additional 1,705 shares during the last quarter. Institutional investors own 81.58% of the company’s stock.

MGM Resorts International Company Profile

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

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Analyst Recommendations for MGM Resorts International (NYSE:MGM)

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