AllAnalyst Report
logoArgusFebruary 23, 2021

MGM Resorts International: Upgrading to BUY with target of $42

Symbols
MGM
Sector(s)
Consumer Cyclical
Rating
Current Price
$39.11
Price Target
$NaN
Earnings Estimate
Summary

MGM Resorts International owns and operates 15 properties in Nevada, Mississippi and Michigan and is an investor in other properties in Nevada, New Jersey, Illinois and Macau. The company derives approximately half its revenues from casino operations, with the remainder from hotels, food and beverage sales, and entertainment venues. With a market cap of about $18.0 billion, MGM is generally considered a large-cap growth stock.

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Analyst Profile

John D. Staszak, CFA

Securities Analyst: Consumer Discretionary & Consumer Staples
John's specialty at Argus includes the gaming, lodging and restaurant groups within the Consumer Discretionary sector. John earned an MBA from the University of Texas and a BA in Economics from the University of Pennsylvania. In the financial services industry, he has worked as an analyst and consultant for firms including Standard & Poor's, the Bank of New York, Harris Nesbitt Gerard and Merrill Lynch. John is a CFA charterholder. Forbes magazine named John as the second-best stock picker among restaurant analysts in 2006. He was also ranked the second-best analyst covering the restaurant sector by the Wall Street Journal in 2007, a year in which a Financial Times/StarMine survey also ranked John that same way. In 2008, the Journal again listed John as an award winner, with a third-best designation among hotel industry analysts and a fifth-best designation among restaurant analysts.