61.55 -0.34 (-0.55%)
Pre-market: 4:24AM EDT
|Bid||60.50 x 100|
|Ask||62.95 x 100|
|Day's range||61.86 - 62.53|
|52-week range||51.35 - 66.22|
|PE ratio (TTM)||24.08|
|Earnings date||25 Oct 2017|
|Forward Dividend & Yield||2.92 (4.53%)|
|1y target est||65.92|
Despite the MGM Resorts International (MGM) tragedy at the Vegas strip, the gambling mecca and expansion in Macau could reap financial rewards, but analysts are struggling to find catalysts for the stock. Stifel's Steven M. Wieczynski and Brad J. Boyer downgraded MGM shares to hold from buy Wednesday, and cut their price target to $33 from $38, sending shares lower by 0.6%. They prefer Las Vegas Sands (LVS).
The Zacks Analyst Blog Highlights: NIKE, Cisco Systems, Gilead Sciences, Las Vegas Sands and Aon
Diversification efforts and a favorable macro environment are likely to drive growth at Las Vegas Sands (LVS). Another corruption crackdown may however affect Macao's recovery and hamper performance.
MGM Resorts was downgraded at Susquehanna, which cited expectations that the Las Vegas tragedy will lead to lower profit and bookings in the coming months.
Stocks of leading Las Vegas-focused casino operators lost value after the rampage on the Strip. This may keep tourists away from the region for the time being and hamper casino operators' performance.
The Zacks Analyst Blog Highlights: MGM Resorts, Wynn Resorts, Caesars Entertainment, Las Vegas Sands and American Outdoor Brands
Into Monday morning, many of Las Vegas' conference halls and resorts served as makeshift hospitals, housing injured concertgoers and distraught residents.
A gunman identified as 64-year-old Stephen Paddock from Mesquite, Nevada opened fire on a crowd at a country-music concert in Las Vegas on Sunday evening.
MGM, Wynn Resorts, American Outdoor Brands, Strum Ruger, Altice, Disney, Oracle, Amazon, Facebook and Google are among the stocks to watch.
Shares of casino operators fell on Monday after the Las Vegas massacre, the deadliest shooting in U.S. history.
Chinese President Xi Jingping's Hong Kong trip chilled visitation to Macau and may explain a late June slowdown in the gambling mecca.
June now ending, the gaming business in Macau appears have to have notched another big win on strength in the lucrative VIP segment.
Casino stocks surged following better-than-expected Macau numbers. And some strategists say it isn’t time for investors to cash in their chips just yet.
Casino stocks are posting big wins Thursday on Macau's May monthly gross gaming revenue sharply exceeding analysts' estimates.
Wynn Resorts jumped 3 percent Monday as a report showed it's gaining share versus rivals in Macau as revenue trends improve in the gambling mecca.
Las Vegas Sands missed on its first-quarter earnings but said on the call it was optimistic about possible Japan casino development opportunities.
Oct.04 -- The Las Vegas Sands President says this week's mass shooting won't have a huge impact on its earnings because most of its revenue comes from Asia. Speaking to Bloomberg in Tokyo, Robert Goldstein says he's lived in Vegas for 25 years and one thing you need to know is that it's a resilient town.