Barclays Capital Increases Pinnacle Entertainment Price Target to $29.00 (PNK)
Stock analysts at Barclays Capital hoisted their target price on shares of Pinnacle Entertainment (NYSE:PNK) from $22.00 to $29.00 in a report issued on Monday, AnalystRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price target would indicate a potential upside of 16.33% from the stock’s previous close.
Shares of Pinnacle Entertainment (NYSE:PNK) traded down 0.04% during mid-day trading on Monday, hitting $24.92. 514,129 shares of the company’s stock traded hands. Pinnacle Entertainment has a one year low of $11.20 and a one year high of $25.71. The stock’s 50-day moving average is $23.32 and its 200-day moving average is $19.66. The company’s market cap is $1.461 billion.
Pinnacle Entertainment (NYSE:PNK) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.02. The company had revenue of $315.30 million for the quarter, compared to the consensus estimate of $323.77 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Pinnacle Entertainment will post $1.51 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Pinnacle Entertainment (NYSE:PNK) from $24.00 to $30.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Pinnacle Entertainment (NYSE:PNK) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 5th. They now have a $25.70 price target on the stock. Finally, analysts at JPMorgan Chase & Co. set a $31.00 price target on shares of Pinnacle Entertainment (NYSE:PNK) in a research note to investors on Wednesday, September 4th. They now have an “overweight” rating on the stock.
Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $23.41.
Pinnacle Entertainment, Inc (NYSE:PNK) is an owner, operator and developer of casinos and related hospitality and entertainment facilities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.