Credit Suisse analyst Cameron Mcknight maintained a Hold rating on MGM Resorts (MGM) yesterday and set a price target of $30. The company’s shares closed yesterday at $28.56.
According to TipRanks.com, Mcknight is a 4-star analyst with an average return of 7.0% and a 51.7% success rate. Mcknight covers the Services sector, focusing on stocks such as International Game Technology, Wyndham Destinations Inc, and Las Vegas Sands.
MGM Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $32.75, representing a 14.7% upside. In a report issued on January 3, Deutsche Bank also maintained 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 $21.62. Currently, MGM Resorts has an average volume of 8.89M.
Based on the recent corporate insider activity of 57 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.
