MGM Resorts International (NYSE:MGM) Price Target Cut to $40.00 by Analysts at Citigroup

MGM Resorts International (NYSE:MGM) had its price objective trimmed by Citigroup from $41.00 to $40.00 in a research note issued to investors on Thursday morning,MarketScreener reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Capital One Financial boosted their price objective on shares of MGM Resorts International from $46.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Berenberg Bank reiterated a “buy” rating on shares of MGM Resorts International in a research report on Wednesday, February 11th. KeyCorp upgraded MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 price target on the stock in a research report on Monday. UBS Group dropped their price target on MGM Resorts International from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Finally, Texas Capital upgraded MGM Resorts International to a “strong-buy” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.12.

MGM Resorts International Stock Performance

Shares of MGM Resorts International stock opened at $38.92 on Thursday. The firm has a market cap of $9.96 billion, a PE ratio of 54.05 and a beta of 1.35. The firm’s 50-day simple moving average is $37.14 and its 200-day simple moving average is $35.38. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.20 and a current ratio of 1.23. MGM Resorts International has a 1 year low of $29.18 and a 1 year high of $40.94.

MGM Resorts International (NYSE:MGM) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). MGM Resorts International had a net margin of 1.03% and a return on equity of 24.17%. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the company earned $0.69 EPS. MGM Resorts International’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts forecast that MGM Resorts International will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Iac Inc. bought 550,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was purchased at an average price of $37.30 per share, for a total transaction of $20,515,000.00. Following the transaction, the insider owned 66,372,350 shares in the company, valued at approximately $2,475,688,655. This trade represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith A. Meister sold 37,500 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the completion of the transaction, the director owned 5,347,978 shares of the company’s stock, valued at approximately $183,275,206.06. This trade represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. 3.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MGM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in MGM Resorts International by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,652 shares of the company’s stock worth $582,000 after purchasing an additional 951 shares during the last quarter. NewEdge Advisors LLC grew its position in MGM Resorts International by 12.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,893 shares of the company’s stock worth $115,000 after purchasing an additional 421 shares during the last quarter. Woodline Partners LP grew its position in MGM Resorts International by 39.1% in the 1st quarter. Woodline Partners LP now owns 18,901 shares of the company’s stock worth $560,000 after purchasing an additional 5,312 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in MGM Resorts International by 57.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,248 shares of the company’s stock worth $112,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Jump Financial LLC grew its position in MGM Resorts International by 221.9% in the 2nd quarter. Jump Financial LLC now owns 26,782 shares of the company’s stock worth $921,000 after purchasing an additional 18,463 shares during the last quarter. Institutional investors own 68.11% of the company’s stock.

More MGM Resorts International News

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

• Positive Sentiment: Record revenue and digital/China strength — MGM reported record consolidated Q1 net revenues, led by MGM China and digital/BetMGM growth, which supports top?line momentum even as margins tighten. MGM Q1 PR
• Positive Sentiment: Asset sale improves liquidity — The company closed the sale of MGM Northfield Park operations for $546M (announced with results), a near?term cash event that can help reduce leverage or fund growth. Northfield Park sale
• Positive Sentiment: Strong MGM China results — MGM China reported double?digit revenue and gaming gains, reinforcing the company’s Macau exposure as a growth engine. MGM China Q1
• Neutral Sentiment: Las Vegas revenue recovery but margin pressure — Las Vegas Strip net revenues rose (helped by conventions), showing demand resilience, though higher costs weighed on EBITDA and margins. This creates earnings upside potential if cost trends stabilize. Las Vegas uptick
• Neutral Sentiment: Mixed analyst actions — Multiple firms updated ratings/targets (Goldman, JPMorgan, Citi, Truist, Wells Fargo, KeyCorp), producing a range of views and modest PT adjustments that could amplify volatility but offer no clear consensus. Analyst updates
• Negative Sentiment: EPS miss and margin squeeze — MGM reported non?GAAP EPS of $0.49 vs. consensus $0.56 (revenues beat), with higher costs and weaker margins driving the earnings shortfall — the primary near?term catalyst for weakness. Earnings miss
• Negative Sentiment: Jefferies downgrade — Jefferies cut MGM to Hold from Buy, trimming its PT and calling out capital?structure concerns and a limited near?term growth outlook, putting additional downside pressure on sentiment. Jefferies downgrade
• Negative Sentiment: Operational headwinds at some properties — Dining and F&B changes (closures/bankruptcy of a food operator at Circus Circus and some buffet closures) highlight property?level disruption that may pressure local revenues and guest experience. Dining shifts

MGM Resorts International Company Profile

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.