MGM Growth Properties (MGP) “Overweight” Rating Reaffirmed Today By Barclays; The Target Price per Share Given is $35

July 12, 2018 - By Eugene Smith

MGM Growth Properties (MGP) Rating Reaffirmed

Equity research analysts at Barclays now has a $35 TP on MGM Growth Properties (MGP). Barclays and their recent TP indicates a potential upside of 14.90 % from the company’s previous close. The rating has been released in analysts report on 12 July.

MGM Growth Properties LLC (NYSE:MGP) Ratings Coverage

Among 6 analysts covering MGM Growth Properties (MGP), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. MGM Growth Properties has $35.0 highest and $29 lowest target. $31’s average target is 1.77% above currents $30.46 stock price. MGM Growth Properties had 6 analyst reports since January 17, 2018 according to SRatingsIntel. The firm has “Buy” rating by Ladenburg given on Wednesday, January 17. The company was maintained on Wednesday, February 21 by Bank of America. Morgan Stanley maintained MGM Growth Properties LLC (NYSE:MGP) rating on Thursday, February 15. Morgan Stanley has “Equal-Weight” rating and $29 target. The company was maintained on Monday, February 5 by SunTrust. The firm has “Outperform” rating given on Monday, April 9 by Evercore. JP Morgan maintained MGM Growth Properties LLC (NYSE:MGP) rating on Wednesday, February 21. JP Morgan has “Overweight” rating and $31 target.

The stock decreased 0.52% or $0.16 during the last trading session, reaching $30.46. About 53,452 shares traded. MGM Growth Properties LLC (MGP) has risen 5.30% since July 12, 2017 and is uptrending. It has underperformed by 7.27% the S&P500.

Analysts await MGM Growth Properties LLC (NYSE:MGP) to report earnings on August, 14. They expect $0.54 earnings per share, up 8.00 % or $0.04 from last year’s $0.5 per share. MGP’s profit will be $143.67M for 14.10 P/E if the $0.54 EPS becomes a reality. After $0.53 actual earnings per share reported by MGM Growth Properties LLC for the previous quarter, Wall Street now forecasts 1.89 % EPS growth.

MGM Growth Properties LLC engages in owning, acquiring, and leasing casino resort properties in the United States. The company has market cap of $8.10 billion. It resorts provide casino gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It has a 43.64 P/E ratio. As of December 31, 2016, the company??s properties include approximately 27,233 hotel rooms, 2.6 million square feet of convention space, 100 retail outlets, 200 food and beverage outlets, and 20 entertainment venues.

More notable recent MGM Growth Properties LLC (NYSE:MGP) news were published by: Investorplace.com which released: “Buy These 5 Low Leverage Stocks on Chances of Rate Hike” on July 06, 2018, also Prnewswire.com with their article: “MGM Growth Properties Completes Acquisition of The Hard Rock Rocksino Northfield Park” published on July 06, 2018, Globenewswire.com published: “Detailed Research: Economic Perspectives on MGM Growth Properties, Acacia Research, Luminex, Eastman …” on June 20, 2018. More interesting news about MGM Growth Properties LLC (NYSE:MGP) were released by: Seekingalpha.com and their article: “Sports betting goes live in New Jersey” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “MGM Growth Properties closes on Hard Rock Rocksino deal” with publication date: July 06, 2018.

MGM Growth Properties LLC (NYSE:MGP) Ratings Chart

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