Penn National Gaming Price Target Raised to $64.00 at Deutsche Bank (PENN)
Investment analysts at Deutsche Bank lifted their price target on shares of Penn National Gaming (NASDAQ:PENN) from $60.00 to $64.00 in a note issued to investors on Wednesday, AnalystRatings.Net reports. Deutsche Bank’s target price would suggest a potential upside of 15.07% from the company’s current price.
Penn National Gaming (NASDAQ:PENN) traded down 0.50% on Wednesday, hitting $55.62. The stock had a trading volume of 1,983,859 shares. Penn National Gaming has a one year low of $37.00 and a one year high of $59.93. The stock has a 50-day moving average of $55.25 and a 200-day moving average of $54.70. The company has a market cap of $4.367 billion and a P/E ratio of 47.98.
Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Penn National Gaming will post $1.40 EPS for the current fiscal year.
In other Penn National Gaming news, Director Harold Cramer sold 140,000 shares of Penn National Gaming stock on the open market in a transaction that occurred on 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 document filed with the SEC, which can be accessed through this link.
PENN has been the subject of a number of other recent research reports. Analysts at Susquehanna upgraded shares of Penn National Gaming from a “neutral” rating to a “positive” rating in a research note to investors on Monday. They now have a $67.00 price target on the stock, up previously from $52.00. Separately, 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, October 11th. They now have a “hold” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Penn National Gaming currently has an average rating of “Hold” and an average target price of $59.01.
Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.
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