Pinnacle Entertainment Now Covered by Analysts at Goldman Sachs Group Inc. (PNK)
Equities researchers at Goldman Sachs Group Inc. started coverage on shares of Pinnacle Entertainment (NYSE:PNK) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “sell” rating on the stock.
A number of other analysts have also recently weighed in on PNK. Analysts at ISI Group raised their price target on shares of Pinnacle Entertainment from $21.00 to $25.00 in a research note to investors on Friday, November 8th. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Pinnacle Entertainment from $29.00 to $30.00 in a research note to investors on Thursday, November 7th. Finally, analysts at Credit Suisse raised their price target on shares of Pinnacle Entertainment from $15.00 to $17.00 in a research note to investors on Friday, November 1st. They now have an “underperform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Pinnacle Entertainment currently has a consensus rating of “Hold” and a consensus price target of $24.51.
Pinnacle Entertainment (NYSE:PNK) opened at 25.83 on Monday. Pinnacle Entertainment has a one year low of $13.28 and a one year high of $26.58. The stock’s 50-day moving average is $24.77 and its 200-day moving average is $23.16. The company’s market cap is $1.529 billion.
Pinnacle Entertainment (NYSE:PNK) last announced its earnings results on Wednesday, November 6th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.21. The company had revenue of $418.90 million for the quarter, compared to the consensus estimate of $425.15 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 63.6% on a year-over-year basis. On average, analysts predict that Pinnacle Entertainment will post $0.96 earnings per share for the current fiscal year.
Pinnacle Entertainment, Inc (NYSE:PNK) is an owner, operator and developer of casinos and related hospitality and entertainment facilities.
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