Deutsche Bank analyst Carlo Santarelli reiterated a Hold rating on MGM Resorts (NYSE: MGM) yesterday and set a price target of $28. The company’s shares closed yesterday at $29.63.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 13.0% and a 67.2% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Pinnacle Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MGM Resorts with a $35.33 average price target, a 19.2% upside from current levels. In a report issued on August 2, Stifel Nicolaus also reiterated a Hold rating on the stock with a $33 price target.
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The company has a one-year high of $38.41 and a one-year low of $26.85. Currently, MGM Resorts has an average volume of 10.22M.
Based on the recent corporate insider activity of 52 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.
