Barclays Remains a Hold on MGM Resorts (MGM)

In a report released today, Brandt Montour from Barclays maintained a Hold rating on MGM Resorts, with a price target of $37.00.

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According to TipRanks, Montour is a 4-star analyst with an average return of 6.5% and a 52.67% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as Norwegian Cruise Line, DraftKings, and Vail Resorts.

In addition to Barclays, MGM Resorts also received a Hold from UBS’s Robin M. Farley in a report issued on April 10. However, yesterday, Wells Fargo reiterated a Sell rating on MGM Resorts (NYSE: MGM).

Based on MGM Resorts’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.61 billion and a net profit of $294 million. In comparison, last year the company earned a revenue of $4.35 billion and had a net profit of $157.43 million

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is neutral on the stock. Last month, IAC InterActiveCorp, a Major Shareholder at MGM bought 1,000,000.00 shares for a total of $37,223,500.00.