Share on StockTwits

Analysts at Susquehanna dropped their target price on shares of Penn National Gaming (NASDAQ:PENN) from $16.00 to $13.00 in a research report issued to clients and investors on Friday. The firm currently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 21.61% from the company’s current price.

Penn National Gaming (NASDAQ:PENN) traded down 0.83% on Friday, hitting $10.69. 718,945 shares of the company’s stock traded hands. Penn National Gaming has a one year low of $10.07 and a one year high of $15.50. The stock has a 50-day moving average of $11.41 and a 200-day moving average of $11.80. The company’s market cap is $839.2 million.

Penn National Gaming (NASDAQ:PENN) last announced its earnings results on Thursday, July 24th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.04. The company had revenue of $652.10 million for the quarter, compared to the consensus estimate of $643.91 million. During the same quarter last year, the company posted ($0.16) earnings per share. Penn National Gaming’s revenue was down 14.4% compared to the same quarter last year. On average, analysts predict that Penn National Gaming will post $0.07 earnings per share for the current fiscal year.

In other Penn National Gaming news, CEO Timothy J. Wilmott bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average price of $10.45 per share, with a total value of $522,500.00. 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 Barclays reiterated an “overweight” rating on shares of Penn National Gaming in a research note on Friday, July 25th. They now have a $15.00 price target on the stock, up previously from $14.00. Separately, analysts at Telsey Advisory Group cut their price target on shares of Penn National Gaming from $13.00 to $12.00 in a research note on Friday, July 25th. They now have a “not rated” rating on the stock. Finally, analysts at ISI Group reiterated an “outperform” rating on shares of Penn National Gaming in a research note on Thursday, July 24th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.00.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.