Expensive Market, What To Buy? MGM Resorts International (MGM), Louisiana-Pacific Corporation (LPX)

The shares of MGM Resorts International (NYSE:MGM) has been pegged with a rating of Neutral by BofA/Merrill in its latest research note that was published on August 2nd, 2019. BofA/Merrill wasn’t the only research firm that published a report of MGM Resorts International, with other equities research analysts also giving their opinion on the stock. Susquehanna advised investors in its research note published on July 24th, 2019, to Negative the MGM stock while also putting a $23 price target. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on July 18th, 2019. The stock was given Neutral rating by Credit Suisse in its report released on March 20th, 2019, the day when the price target on the stock was placed at $30. Bernstein was of a view that MGM is Mkt Perform in its latest report on November 15th, 2018. Telsey Advisory Group thinks that MGM is worth Market Perform rating. This was contained in the firm’s report on August 3rd, 2018 in which the stock’s price target was also moved to $31.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $33.31. The price of the stock the last time has raised by 33.52% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 50.17.

The shares of the company added by 1.51% during the trading session on Tuesday, reaching a low of $28.42 while ending the day at $28.86. During the trading session, a total of 4.57 million shares were traded which represents a 19.15% incline from the average session volume which is 5.65M shares. MGM had ended its last session trading at 28.43. MGM Resorts International currently has a market cap of $15.22B, while its P/E ratio stands at 86.41, while its P/E earnings growth sits at 1.22, with a beta of 1.49. MGM Resorts International debt-to-equity ratio currently stands at 2.25, while its quick ratio hovers at 0.70. MGM 52-week low price stands at $21.61 while its 52-week high price is $31.68.

The company in its last quarterly report recorded $0.16 earnings per share which is below the $0.25 predicted by most analysts. The MGM Resorts International generated $3,223.24 million in revenue during the last quarter, which is slightly higher than the $3,219.79 million predicted by analysts. In the second quarter last year, the firm recorded $0.05 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 68.75%. MGM Resorts International has the potential to record 0.33 EPS for the current fiscal year, according to equities analysts.

Investment analysts at BMO Capital Markets published a research note on June 14th, 2019 where it informed investors and clients that Louisiana-Pacific Corporation (NYSE:LPX) is now rated as Outperform. Susquehanna also rated LPX as Initiated on July 24th, 2019, with its price target of $100 suggesting that LPX could surge by 22.51% from its current share price. Even though the stock has been trading at $22.08/share, analysts expect it to surge higher by 3.53% to reach $29.50/share. It started the day trading at $22.94 and traded between $21.90 and $22.86 throughout the trading session.

A look at its technical shows that LPX’s 50-day SMA is 25.27 while its 200-day SMA stands at 24.14. The stock has a high of $32.16 for the year while the low is $20.39. The company’s P/E ratio currently sits at 9.93, while the P/B ratio is 2.21. At the moment, only of Louisiana-Pacific Corporation shares were sold short. The company’s average trading volume currently stands at 2.08M shares, which means that the short-interest ratio is just 2.54 days. Over the past seven days, the company moved, with its shift of -1.04%. Looking further, the stock has dropped -5.96% over the past 90 days while it lost -5.81% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors sold more LPX shares, decreasing its portfolio by -0.51% during the last quarter. This move now sees BlackRock Fund Advisors selling -85,340 shares in the last quarter, thus it now holds 16,505,166 shares of LPX, with a total valuation of $431,445,039. The Vanguard Group Inc meanwhile sold more LPX shares in the recently filed quarter, changing its stake to $402,886,253 worth of shares. Goldman Sachs Co LLC followed the path by increasing its LPX portfolio by +1,502.73% in the quarter. This means that Goldman Sachs Co LLC bought 5,975,444 shares in the last quarter and now controls 6,373,082 shares of the LPX stock, with the valuation hitting $166,592,363.

Similarly, Credit Suisse Securities decreased its Louisiana-Pacific Corporation shares by -9.46% during the recently filed quarter. After selling -512,312 shares in the last quarter, the firm now controls 4,903,910 shares of Louisiana-Pacific Corporation which are valued at $128,188,207. In the same vein, SSgA Funds Management Inc increased its Louisiana-Pacific Corporation shares by during the most recent reported quarter. The firm bought 21,798 shares during the quarter which increased its stakes to 4,377,294 shares and is now valued at $114,422,465. Following these latest developments, around 0.20% of Louisiana-Pacific Corporation stocks are owned by institutional investors and hedge funds.