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Penn National Gaming (NASDAQ:PENN)‘s stock had its “underperform” rating restated by analysts at Bank of America in a research report issued to clients and investors on Monday, AnalystRatingsNetwork reports. They currently have a $11.00 price objective on the stock. Bank of America’s price target would indicate a potential downside of 1.35% from the stock’s previous close.

Penn National Gaming (NASDAQ:PENN) traded up 1.18% on Monday, hitting $11.15. The stock had a trading volume of 1,309,232 shares. Penn National Gaming has a 52-week low of $10.76 and a 52-week high of $15.50. The stock has a 50-day moving average of $12.30 and a 200-day moving average of $12.9. The company’s market cap is $864.1 million.

Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.05. The company had revenue of $641.10 million for the quarter, compared to the consensus estimate of $651.00 million. During the same quarter last year, the company posted $0.69 earnings per share. Penn National Gaming’s revenue was down 19.7% compared to the same quarter last year. Analysts expect that Penn National Gaming will post $0.15 EPS for the current fiscal year.

In other Penn National Gaming news, Director Peter M. Carlino sold 153,000 shares of Penn National Gaming stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $11.32, for a total value of $1,731,960.00. The sale was disclosed in a filing 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 Deutsche Bank reiterated a “buy” rating on shares of Penn National Gaming in a research note on Friday. They now have a $15.00 price target on the stock. Finally, analysts at Barclays upgraded shares of Penn National Gaming from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 9th. They now have a $15.00 price target on the stock, up previously from $13.00. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.74.

Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.

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