Capital One Financial Raises MGM Resorts International (NYSE:MGM) Price Target to $51.00

MGM Resorts International (NYSE:MGM) had its target price boosted by equities research analysts at Capital One Financial from $46.00 to $51.00 in a research note issued on Friday,MarketScreener reports. The firm currently has an “overweight” rating on the stock. Capital One Financial‘s price target suggests a potential upside of 32.18% from the stock’s current price.

MGM has been the topic of a number of other reports. Texas Capital raised shares of MGM Resorts International to a “strong-buy” rating in a research report on Thursday, January 8th. Stifel Nicolaus reduced their price target on shares of MGM Resorts International from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Truist Financial lifted their price target on shares of MGM Resorts International from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Zacks Research raised shares of MGM Resorts International from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Berenberg Bank reissued a “buy” rating on shares of MGM Resorts International in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $42.13.

MGM Resorts International Trading Up 0.2%

Shares of NYSE MGM opened at $38.58 on Friday. The company’s fifty day moving average is $36.49 and its 200-day moving average is $35.01. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 51.44 and a beta of 1.35. MGM Resorts International has a twelve month low of $28.51 and a twelve month high of $40.20. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.91.

MGM Resorts International (NYSE:MGM) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.96. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.42 billion. MGM Resorts International had a net margin of 1.17% and a return on equity of 26.04%. During the same period last year, the firm posted $0.45 earnings per share. Equities research analysts predict that MGM Resorts International will post 2.21 EPS for the current year.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 37,500 shares of MGM Resorts International stock in a transaction on Monday, March 9th. The shares were sold at an average price of $34.27, for a total value of $1,285,125.00. Following the sale, the director directly owned 5,347,978 shares in the company, valued at approximately $183,275,206.06. The trade was a 0.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Iac Inc. purchased 450,000 shares of the stock in a transaction on Tuesday, March 24th. The stock was acquired at an average price of $37.13 per share, for a total transaction of $16,708,500.00. Following the completion of the purchase, the insider directly 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 SEC filing for this purchase provides additional information. Insiders own 3.38% of the company’s stock.

Institutional Investors Weigh In On MGM Resorts International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MGM. AQR Capital Management LLC increased its stake in MGM Resorts International by 202.5% in the 3rd quarter. AQR Capital Management LLC now owns 8,446,982 shares of the company’s stock valued at $292,772,000 after buying an additional 5,654,757 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in MGM Resorts International by 81.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,642,060 shares of the company’s stock valued at $264,874,000 after buying an additional 3,429,946 shares during the last quarter. Davis Selected Advisers increased its stake in MGM Resorts International by 12.0% in the 4th quarter. Davis Selected Advisers now owns 26,820,202 shares of the company’s stock valued at $978,669,000 after buying an additional 2,866,750 shares during the last quarter. Norges Bank acquired a new stake in MGM Resorts International in the 4th quarter valued at $82,348,000. Finally, Samlyn Capital LLC acquired a new stake in MGM Resorts International in the 3rd quarter valued at $62,787,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

MGM Resorts International News Roundup

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

• Positive Sentiment: MGM reached a new 52‑week high, signaling continued investor confidence after recent earnings beats and steady demand trends for leisure and casino activity. MGM stock hits 52-week high at 40.17 USD
• Positive Sentiment: JPMorgan raised its price target on MGM to $42 (from $41) — a modest lift that supports upside expectations even as the firm kept a “neutral” rating. This can buoy sentiment among investors seeking near‑term appreciation. MGM Resorts International (NYSE:MGM) Price Target Raised to $42.00 at JPMorgan Chase & Co.
• Positive Sentiment: CEO Bill Hornbuckle reported meeting China’s vice premier to discuss bilateral tourism — a potential positive for future inbound travel and VIP/wholesale business if it leads to increased Chinese visitation or partnerships. MGM’s Bill Hornbuckle says he met China vice premier He Lifeng in Beijing amid talks on bilateral tourism
• Neutral Sentiment: General market/sector commentary (e.g., IAC coverage) mentioned in feeds is not directly material to MGM but can influence sentiment in leisure/online travel peers. IAC Inc. Has Surged Over 25% In Six Months, Here Is Why?
• Negative Sentiment: Class‑action settlement approval hearings are underway in Canada (British Columbia and Québec) covering a 2019 data incident and a 2023 incident; proposed settlements could lead to multimillion‑dollar payouts and ongoing reputational/legal costs. This is the primary near‑term legal overhang. MGM – CLASS ACTION ARISING OUT OF A 2019 CONFIDENTIALITY INCIDENT INVOLVING PERSONAL INFORMATION
• Negative Sentiment: Coverage notes Canadians could receive up to CAD$20,000 each under the proposed settlement, highlighting direct cash exposure and potential consumer backlash in a key market. Canadians could get up to $20K in multimillion-dollar data breach settlement

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.