Merrill Lynch analyst Shaun Kelley maintained a Buy rating on MGM Resorts (NYSE: MGM) yesterday and set a price target of $30. The company’s shares closed yesterday at $26.79, close to its 52-week low of $25.70.
According to TipRanks.com, Kelley is a 4-star analyst with an average return of 9.8% and a 58.0% success rate. Kelley covers the Services sector, focusing on stocks such as Las Vegas Sands, Wynn Resorts, and Caesars.
MGM Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $33.50.
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The company has a one-year high of $38.41 and a one-year low of $25.70. Currently, MGM Resorts has an average volume of 9.19M.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock.
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MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Domestic Resorts, MGM China, and Corporate and Other.
