MGM Resorts International (NYSE:MGM) Stock Rating Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of MGM Resorts International (NYSE:MGM) from a hold rating to a sell rating in a research note published on Saturday,Wall Street Zen reports.

Several other research firms have also recently issued reports on MGM. Argus boosted their target price on MGM Resorts International from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. UBS Group reduced their price target on MGM Resorts International from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, September 11th. Bank of America started coverage on MGM Resorts International in a research note on Thursday, September 24th. They issued a “neutral” rating and a $40.00 price target on the stock. Morgan Stanley dropped their price objective on MGM Resorts International from $43.00 to $29.00 and set an “underweight” rating on the stock in a report on Monday, October 19th. Finally, Truist Financial cut their price objective on MGM Resorts International from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.18.

MGM Resorts International Stock Up 3.8%

Shares of NYSE:MGM opened at $29.92 on Friday. MGM Resorts International has a fifty-two week low of $26.71 and a fifty-two week high of $51.59. The company has a quick ratio of 1.30, a current ratio of 1.24 and a debt-to-equity ratio of 1.68. The firm’s 50-day simple moving average is $34.79 and its 200-day simple moving average is $39.00. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.68 and a beta of 1.35.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Wednesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.15). The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.21 billion. MGM Resorts International had a return on equity of 20.58% and a net margin of 3.92%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. As a group, equities research analysts predict that MGM Resorts International will post 1.71 earnings per share for the current year.

Hedge Funds Weigh In On MGM Resorts International

A number of institutional investors have recently made changes to their positions in MGM. International Assets Investment Management LLC purchased a new stake in shares of MGM Resorts International during the 1st quarter worth about $30,000. Latitude Advisors LLC purchased a new position in MGM Resorts International in the third quarter valued at approximately $27,000. Optiver Holding B.V. purchased a new position in MGM Resorts International in the first quarter valued at approximately $35,000. Fiduciary Financial Advisors purchased a new position in MGM Resorts International in the second quarter valued at approximately $48,000. Finally, Global Retirement Partners LLC acquired a new position in MGM Resorts International during the second quarter valued at approximately $53,000. 68.11% of the stock is owned by institutional investors and hedge funds.

MGM Resorts International News Summary

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Digital gaming momentum: BetMGM’s third-quarter net revenue increased 7%, and its first 100 days in Alberta reportedly outperformed the company’s Ontario launch, supporting the growth outlook for MGM’s online betting and iGaming operations. BetMGM Marks 100 Days in Alberta
• Positive Sentiment: Macau remains a bright spot: MGM China reported record third-quarter revenue and adjusted EBITDA, while market share reached a record 17.1%, indicating resilient Chinese gaming demand and execution. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: Some operational strength: Las Vegas slot win reached a new resort record, and JPMorgan and Truist kept bullish ratings despite lowering their targets. JPMorgan’s revised target implies substantial upside, while Truist maintained a “buy” rating.
• Neutral Sentiment: People Inc. deal talks ended: MGM’s CEO said the company is no longer pursuing negotiations with People Inc. The decision removes potential transaction uncertainty but also eliminates any near-term expansion catalyst. MGM Ends Deal Talks With People Inc.
• Negative Sentiment: Quarterly earnings missed: MGM posted a third-quarter loss of $0.11 per share, versus analyst expectations for a profit, while revenue was roughly flat year over year. MGM Reports Q3 Loss
• Negative Sentiment: Las Vegas weakness is weighing on sentiment: Lower room rates and weaker regional profitability pressured results, contributing to the stock reaching a new 52-week low. MGM Las Vegas Revenue and Earnings Fall
• Negative Sentiment: Analyst caution increased: Wells Fargo cut its target to $28 and assigned an “equal weight” rating. Stifel also lowered its target to $35 and moved to “hold,” while Truist and JPMorgan reduced their targets despite retaining bullish ratings.

MGM Resorts International Company Profile

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.