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Macao Casinos Rebound: Could Their Lucky Streak Continue?

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Part 11
Macao Casinos Rebound: Could Their Lucky Streak Continue? PART 11 OF 11

What Analysts Recommend for Major Casino Stock

Analyst recommendations

Analysts favor MGM Resorts (MGM) stock over other major casinos’. All 20 analysts tracking the stock recommend “buy.” Seven (35%) of these analysts have “strong buy” recommendations, while the remaining 75% have “buy” recommendations.

What Analysts Recommend for Major Casino Stock

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For Melco Resorts & Entertainment (MLCO), 15 (68.2%) of the 22 analysts tracking the stock recommend “buy,” and 31.8% recommend “hold.” None of the analysts recommend “sell.” Of the 20 analysts tracking Las Vegas Sands (LVS), 11 (55%) recommend “buy,” and 45% recommend “hold.” Ten (50%) of the 20 analysts tracking Wynn Resorts (WYNN) recommend “buy,” and the remaining 50% recommend “hold.”

Return potential

With a closing price of $22.70 on June 27, 2017, Melco has the highest return potential of 11.1%, based on its 12-month target price of $25.20. MGM Resorts has a return potential of 6.2% based on its target price of $35.80 and current market price of $33.70. Wynn Resorts has a return potential of -1.9% based on its 12-month target price of $133 and current market price of $135.60. Las Vegas Sands has a return potential of -2.8% based on its 12-month target price of $62.30 and current market price of $64.14.

Investors can gain exposure to casino stocks by investing in the PowerShares Dynamic Leisure and Entertainment Portfolio ETF (PEJ), which invests 8.3% of its portfolio in casinos. Visit Market Realist’s Casinos and Gaming page to learn more about the industry, its indicators, and current trends.

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