Recent extremely meaningful positive changes in investment behavior have benefitted MGM Resorts International (NYSE: MGM): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
MGM Resorts International (NYSE: MGM) has recently enjoyed notable positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MGM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MGM Resorts has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. MGM Resorts has a neutral Appreciation Score of 41 and a neutral Power Rating of 55, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
On 6/21/24, MGM Resorts International (NYSE: MGM) stock rose modestly by 0.7%, closing at $42.00. Moreover, this advance was accompanied by exceptionally high trading volume at 241% of normal. The stock has performed in line with the market over the last nine months and has risen 3.8% during the last week.
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