Wall Street analysts covering MGM Resorts International (NYSE:MGM) shares are predicting that the stock will trade between $29 and $38 within the next year. This is the top price point and lowest from the analysts taken into consideration by Zacks Research. The mean consensus price target currently stands at $32.166.
Each of the analysts also offer Buy/Sell/Hold recommendations on the stock. At the time of writing, the shares have an average analyst rating of 1.12. A low number between 1 and 2 indicates a Buy or Strong Buy. A 3 represents a Hold, while a 4 or 5 represents a Sell. It’s important to note that it’s very rare for sell-side analysts to issue Sell or Strong Sell recommendations. This means that recommendations tend to be slightly inflated.
As for earnings, the Street is expecting that the firm will post earnings of $0.14 per share for the current quarter. This is compared to the actual earnings of $0.58 which the company most recently reported for the period ending on 2016-09-30. All eyes will be on the firm when they next report actual results on or around 2017-02-16.
Another metric we can look at to gauge the sentiment of the stock are crowd sourced ratings. Closing Bell is a website that compiles ratings from every day investors conducting their own research. As of today, MGM Resorts International (NYSE:MGM) has an average rating of 3.67 based on 9 active ratings. Their scale is the opposite of Zacks, where 1 represents a Strong Sell and 5 a Strong Buy.
This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.
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