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Deutsche Bank Sticks to Their Hold Rating for Mgm Resorts International

Investing.com
·2-min read


Deutsche Bank (DE:DBKGn) analyst Carlo Santarelli maintained a Hold rating on Mgm Resorts International on Tuesday, setting a price target of $13, which is approximately 6.14% below the present share price of $13.85.

Santarelli expects Mgm Resorts International to post earnings per share (EPS) of $1.64 for the second quarter of 2020.

The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in MGM Resorts (NYSE:MGM), with an average price target of $17.13.
The analysts price targets range from a high of $22 to a low of $10.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.25 billion and a net profit of -$221.87 million. The company's market cap is $6.83 billion.

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According to TipRanks.com, Deutsche Bank analyst Carlo Santarelli is a 4-star analyst with an average return of 2.0% and a 54.4% success rate.

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China (OTC:MCHVY). The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George's County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.