Penn National Gaming Rating Increased to Positive at Susquehanna (PENN)
Penn National Gaming (NASDAQ:PENN) was upgraded by research analysts at Susquehanna from a “neutral” rating to a “positive” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has a $67.00 price target on the stock, up from their previous price target of $52.00. Susquehanna’s price target points to a potential upside of 20.68% from the company’s current price.
In other Penn National Gaming news, Director Harold Cramer sold 140,000 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $55.61, for a total transaction of $7,785,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on PENN. Analysts at Wells Fargo & Co. raised their price target on shares of Penn National Gaming to $65.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Penn National Gaming from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 26th. Finally, analysts at Imperial Capital cut their price target on shares of Penn National Gaming from $60.00 to $58.00 in a research note to investors on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $58.54.
Penn National Gaming (NASDAQ:PENN) traded up 0.92% on Monday, hitting $56.03. 728,355 shares of the company’s stock traded hands. Penn National Gaming has a one year low of $37.00 and a one year high of $59.93. The stock’s 50-day moving average is $55.11 and its 200-day moving average is $54.66. The company has a market cap of $4.399 billion and a P/E ratio of 47.66.
Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.82. The company had revenue of $761.40 million for the quarter, compared to the consensus estimate of $790.10 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Penn National Gaming will post $1.41 EPS for the current fiscal year.
Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.
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