In a report issued on October 10, Carlo Santarelli from Deutsche Bank maintained a Hold rating on MGM Resorts (NYSE: MGM), with a price target of $33. The company’s shares closed on Friday at $26.45, close to its 52-week low of $25.70.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 10.0% and a 62.7% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Pinnacle Entertainment.
MGM Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $34.
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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 9.16M.
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.
