Barclays analyst Felicia Hendrix maintained a Buy rating on MGM Resorts (MGM) today and set a price target of $37. The company’s shares opened today at $27.58.
According to TipRanks.com, Hendrix is a 3-star analyst with an average return of 2.8% and a 51.1% success rate. Hendrix covers the Services sector, focusing on stocks such as Royal Caribbean, Carnival Corp, and Vail Resorts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MGM Resorts with a $34.57 average price target, a 25.3% upside from current levels. In a report issued on February 4, Merrill Lynch also maintained a Buy rating on the stock with a $33 price target.
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The company has a one-year high of $37.13 and a one-year low of $21.62. Currently, MGM Resorts has an average volume of 8.99M.
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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.
