MGM Resorts International (NYSE:MGM) Rating Increased to Strong-Buy at HSBC

HSBC upgraded shares of MGM Resorts International (NYSE:MGM) to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

MGM has been the topic of a number of other reports. Truist Financial upgraded MGM Resorts International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $55.00 in a research note on Wednesday, May 27th. Mizuho decreased their price target on MGM Resorts International from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Wells Fargo & Company raised shares of MGM Resorts International from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $33.00 to $48.30 in a report on Tuesday, July 7th. Barclays raised their price objective on shares of MGM Resorts International from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Finally, Susquehanna boosted their price objective on shares of MGM Resorts International from $52.00 to $53.00 and gave the company a “positive” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.49.

MGM Resorts International Stock Down 0.4%

MGM opened at $45.66 on Thursday. The company has a 50 day moving average of $46.34 and a 200 day moving average of $39.95. The company has a market cap of $11.68 billion, a PE ratio of 27.67 and a beta of 1.29. MGM Resorts International has a 12 month low of $29.18 and a 12 month high of $51.59. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 1.93.

MGM Resorts International (NYSE:MGM) last posted its earnings results on Wednesday, July 29th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. MGM Resorts International had a return on equity of 23.37% and a net margin of 2.40%.The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts expect that MGM Resorts International will post 1.99 EPS for the current year.

Insider Transactions at MGM Resorts International

In related news, Director Daniel J. Taylor sold 6,675 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $38.44, for a total transaction of $256,587.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.38% of the company’s stock.

Institutional Trading of MGM Resorts International

Several institutional investors and hedge funds have recently modified their holdings of MGM. AQR Capital Management LLC grew its holdings in shares of MGM Resorts International by 202.5% during the third quarter. AQR Capital Management LLC now owns 8,446,982 shares of the company’s stock worth $292,772,000 after purchasing an additional 5,654,757 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of MGM Resorts International by 81.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,642,060 shares of the company’s stock worth $264,874,000 after purchasing an additional 3,429,946 shares during the last quarter. Davis Selected Advisers raised its stake in MGM Resorts International by 12.0% in the fourth quarter. Davis Selected Advisers now owns 26,820,202 shares of the company’s stock valued at $978,669,000 after purchasing an additional 2,866,750 shares in the last quarter. Norges Bank purchased a new stake in MGM Resorts International in the fourth quarter valued at approximately $82,348,000. Finally, Samlyn Capital LLC bought a new stake in MGM Resorts International during the third quarter valued at approximately $62,787,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

MGM Resorts International News Summary

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

• Positive Sentiment: MGM reported record second-quarter consolidated revenue of approximately $4.45 billion, exceeding some analyst estimates near $4.42 billion. Las Vegas Strip revenue increased 3% to $2.2 billion, marking a second consecutive quarter of year-over-year growth and highlighting continued strength in the company’s core resorts. Casino Operator MGM Resorts Beats Quarterly Revenue Estimates on Las Vegas Strength
• Positive Sentiment: MGM Digital revenue rose 20% year over year. BetMGM’s iGaming growth offset relatively flat online sports-betting performance, supporting the company’s efforts to diversify beyond physical casinos. MGM’s iGaming Strength Offsets Flat Online Sports Betting in Q2 2026
• Positive Sentiment: MGM China reported record interim revenue and held a 15.9% Macau market share, indicating that the company continues to participate in Macau’s recovery. MGM China Reports 2026 Interim Financial Data
• Positive Sentiment: Susquehanna raised its price target to $53 from $52 while maintaining a positive rating, suggesting potential upside based on the company’s operating momentum. Susquehanna Adjusts Price Target on MGM Resorts International
• Neutral Sentiment: MGM’s reported EPS was $0.59, above some consensus estimates of $0.56 but below the $0.63 estimate cited by Zacks. EPS also declined from $0.79 a year earlier, creating a mixed earnings signal despite revenue growth. MGM Resorts Misses Q2 Earnings Estimates
• Negative Sentiment: China and regional operations faced margin pressure, offsetting part of the Las Vegas and digital gains. BetMGM’s flat online sports-betting results also limit the impact of its iGaming growth. MGM Resorts Q2 Earnings Miss Estimates
• Negative Sentiment: A proposed $48.30-per-share takeover offer could support valuation, but a law-firm investigation into the bid introduces uncertainty about deal terms and completion. MGM Investigation Into Proposed Offer

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.