MGM Resorts International Commo (NYSE:MGM):
MGM Resorts International Announces Third Quarter 2016 Earnings Release Date.
The company is so far trading up from yesterday’s close of $25.98.
It is currently trading at $26.07 which is marginally higher than the 50 day moving average which is $25.86 and barely above the 200 day moving average of $23.98. The 50 day moving average went up by +0.81% and the 200 day average was up $2.09.
In the last earnings report the EPS was $-0.34 and is estimated to be $0.70 for the current year with 565,614,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.16 and the next full year EPS is projected to be $1.16.
Investment analysts have weighed in on the stock. On October 6 the company was upgraded to “Buy” from “Buy” in a statement from . On October 6, 2016 the stock rating was changed to a “Buy” in a report from Argus Research which was a boost from the previous “Hold” rating.
On October 5 Nomura kept the company rating at “Buy” and moved up the price target to $32.00 from $25.00. June 20 investment analysts at Susquehanna held the stock rating at “Buy” and raised the price target from $28.00 to $29.00.
June 17 investment analysts at Deutsche Bank held the company rating at “Buy” and raised the price expectation from $25.00 to $29.00. On June 9 Stifel Nicolaus made no change to the stock rating of “Buy” but raised the price expectation from $27.00 to $30.00.