MGM Resorts (MGM) Receives a Hold from Deutsche Bank


In a report released yesterday, Carlo Santarelli from Deutsche Bank maintained a Hold rating on MGM Resorts (MGM), with a price target of $33. The company’s shares closed on Friday at $26.46.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 7.2% and a 60.0% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Penn National Gaming.

MGM Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $31.75.

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MGM Resorts’ market cap is currently $14.08B and has a P/E ratio of 8.14. The company has a Price to Book ratio of 2.08.

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.

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