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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

The experts have mixed opinions on MGM Resorts International. While one expert is optimistic about the company's performance, especially in Macau and online sports betting, another expert is skeptical about casino-resorts in general and is considering selling their holdings. A third expert acknowledges MGM's strong year-to-date performance but is considering trimming their holdings and looking at Wynn Resorts for more exposure to Macau. Overall, the reviews indicate a mix of positivity and skepticism towards MGM Resorts International.

Consensus
Mixed
Valuation
Fair Value
WEAK BUY

Vegas tourism is white hot. Revenue per room was up 11% in May YOY, convention attendance up 2%, and visitors up 5%. MGM has over half its business from Vegas. But he doesn't like MGM's regional business and those patrons are struggling from higher inflation and interest rates. He Likes MGM, but prefers Wynne because it has more Vegas exposure. But Vegas' boom isn't pushing up Vegas stocks, which is frustrating. Frankly, the market is getting it wrong. When Wynne reports, their strong Macau business will shine.

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BUY

Their sports business has grown nicely and Las Vegas spending is picking up. Likes it.

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COMMENT

He owns Wynn. Despite beating earnings today, MGM shares are down. The report was fairly positive, like Macau and the Superbowl. MGM has a big online sports betting book. Doesn't understand the selling.

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DON'T BUY

Doesn't like casino-resorts; never believed in their balance sheets. Yes, he's wrong in the face of the strong share moves, but he still won't buy them.

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PARTIAL SELL

Up nearly 50% YTD. He's thinking of trimming his holding, and may look at Wynn Resorts for having more exposure to Macau. MGM is building their presence there, though, and Bet MGM is a good catalyst. This has run a lot this year.

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HOLD

Likes their blend of casinos and sports betting. They had little exposure to Macau, which has opened now. MGM still has some tailwind, but he's reviewing in going in the second half of 2023, because the consumer will slow down.

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BUY
Allan Tong’s Discover Picks If you still like gambling stocks, then consider MGM which was has only 12% exposure to Macau. It reported Q3 a month ago and admittedly it was mixed. Earnings missed but revenues beat. MGM’s engines of growth were its casinos as well as BetMGM and sports betting. MGM China’s revenues fell 69.7% YOY, mainly due to Covid, however Vegas revenues soared 66.6% YOY, helped by the opening of the Aria and Cosmopolitan resort-casinos. Quarterly revenue grew nearly 30% YOY. Read Between Safety and Risk: 3 Safe and Gambling Stocks for our full analysis.
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BUY
They have little exposure (12%) to Macau and the associated risks, MGM is down 17% YTD, but up 13% in the last 3 months, though not as much as Wynn. He sees a lot of upside with MGM because of their gambling business.
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WATCH
Down 30% YTD, a struggle. Macau reopening is a focus, but he's watching Bet MGM, which is nice catalyst. They report next week.
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BUY
Allan Tong’s Discover Picks MGM made waves before last Christmas when it sold its Mirage Hotel & Casino to Hard Rock for $1.08 billion as part of its “asset-lite” strategy, which includes devoting more capital to its online sport betting operations. Therefore, companies like MGM can operate sports betting but can offset those high costs through their other operations, like casinos and hotels. Since the deal, MGM shares have gone sideways, trading between $40-46, though off 52-week highs. Sure, Covid did the casinos no favours, though MGM endured it relatively well by suffering only a $1.5 billion cash burn. (In 2019, MGM boasts $12.96 billion in net revenues, $1.8 billion in operating cash flow and a 14% cash flow margin.) Read Battle of the stocks: 2 Sports Gambling Stocks for our full analysis.
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COMMENT
Selling the Mirage He likes it. They're doing the right thing; they're getting more focused and have good managers. But tomorrow Wynn Resorts reports that will determine MGM's direction.
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BUY
Gambling stocks got hit today She's long MGM with its online gambling and real-life casinos. She didn't consider today's plunge in gambling stocks alarming.
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BUY
They just reported a quarterly loss, and it wasn't as good as Wall Street thought. But they offered good guidance and introduced gambling initiatives--he wouldn't underestimate the impact and size of gambling. Still a buy.
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BUY

Like Wynne, the chart has made a golden cross in October, a definite bullish sign. The casino stocks indicate what the markets will be like in 6 months. When we revert to normal, tourism will bounce back and gambling with have a huge year. The country is stir crazy and desperately wants a vacation, which will happen in the second half of 2021. This is more of a vaccine play vs. its peers like Wynne.

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PAST TOP PICK
(A Top Pick Nov 19/19, Up 2%) Two days ago, it was up 12%, but the coronavirus has really pressured this. Buy this on any pullback.
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Showing 1 to 15 of 40 entries

MGM Resorts International(MGM-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 4

Stockchase rating for MGM Resorts International is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

MGM Resorts International(MGM-N) Frequently Asked Questions

What is MGM Resorts International stock symbol?

MGM Resorts International is a American stock, trading under the symbol MGM-N on the New York Stock Exchange (MGM). It is usually referred to as NYSE:MGM or MGM-N

Is MGM Resorts International a buy or a sell?

In the last year, 4 stock analysts published opinions about MGM-N. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MGM Resorts International.

Is MGM Resorts International a good investment or a top pick?

MGM Resorts International was recommended as a Top Pick by on . Read the latest stock experts ratings for MGM Resorts International.

Why is MGM Resorts International stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is MGM Resorts International worth watching?

4 stock analysts on Stockchase covered MGM Resorts International In the last year. It is a trending stock that is worth watching.

What is MGM Resorts International stock price?

On 2024-07-23, MGM Resorts International (MGM-N) stock closed at a price of $43.78.