Pinnacle Entertainment Receives Average Rating of “Hold” from Analysts (NYSE:PNK)
Pinnacle Entertainment (NYSE:PNK) has been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the company, StockRatingsNetwork.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $25.26.
Pinnacle Entertainment (NYSE:PNK) traded up 0.36% on Friday, hitting $25.35. 110,242 shares of the company’s stock traded hands. Pinnacle Entertainment has a 1-year low of $18.85 and a 1-year high of $26.77. The stock’s 50-day moving average is $24.42 and its 200-day moving average is $23.73. The company’s market cap is $1.511 billion.
Pinnacle Entertainment (NYSE:PNK) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.03. The company had revenue of $532.80 million for the quarter, compared to the consensus estimate of $550.11 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 99.8% on a year-over-year basis. On average, analysts predict that Pinnacle Entertainment will post $1.77 earnings per share for the current fiscal year.
PNK has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of Pinnacle Entertainment in a research note on Friday. They set a “neutral” rating and a $24.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Pinnacle Entertainment from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 1st. They now have a $23.90 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Pinnacle Entertainment from $27.00 to $29.00 in a research note on Thursday, May 1st.
In other Pinnacle Entertainment news, EVP Neil E. Walkoff sold 10,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $25.30, for a total value of $253,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Pinnacle Entertainment, Inc (NYSE:PNK), is an owner, operator and developer of casinos and related hospitality and entertainment facilities.
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