MGM Resorts International (NYSE:MGM) stock is currently pricing at roughly $30.96. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 19 analysts covering the company at $35.00. That suggests shares of the stock may have another 12 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $40.00, which would imply another 71 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 14 “Buy” ratings in place. At the same time, 7 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 0 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Goldman took a look at MGM shares in a research note released on Dec 16, 2016, and issued a Buy rating to this company. Argus analysts provided their own take on company recently as well. In a research note published on Oct 06, 2016,the house assigned a Buy rating to this stock. According to a piece that hit the wires on Nov 02, 2015, researchers at UBS reconsidered their prior rating on the stock, and upped it from Neutral Perform to Buy.
MGM Resorts International (MGM) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 0.35 percent of the stock.
If we take a more granular look, Mr. James Joseph Murren is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 969,111 shares, representing a total current market value of roughly $30003676.56. Corey Ian Sanders is another major player among company insiders, currently holding 160,558 shares as of less than 0.1%, carrying a current market value of $4970875.68. Mr. William Joseph Hornbuckle is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 159,738 shares, valued at around $4945488.48 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-05-01, the company’s CHIEF OPERATING OFFICER SANDERS COREY IAN sold 19,855 company shares for 615700. That means, once accounting for this transaction, the CHIEF OPERATING OFFICER is left with a stake of 160,558 shares, carrying a current total market value of $4970876. In addition, by means of a transaction dated 2017-05-01, Director BIBLE WILLIAM A sold 5,906 shares worth $181730. After that transaction, this investor is left with a total holding of 17,081 shares, representing a total investment value of $528827.76. We also noted a 2017-05-01 transaction in which MGM Director, 10% Owner Mandekic Anthony Leo sold 11,913 shares at a stock price of $31.09, carrying a total value of $370380, after which, this insider’s investment stands at 13,357 shares, with an overall financial value of $413533.
MGM Resorts International (NYSE:MGM) Earnings View
In the company’s last quarter, MGM EPS moved to $0.38 from $0.11 compared sequentially with the prior quarter. Revenues for the company came in at $2.71BM. This stacks up against $2.46BM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $0.31 per share on $2.63BM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.17 to $0.40. On a year-over-year basis, that compares with an EPS comp of $0.30.