Pinnacle Entertainment Receives Average Recommendation of “Hold” from Brokerages (NYSE:PNK)
Pinnacle Entertainment (NYSE:PNK) has been given an average recommendation of “Hold” by the fourteen analysts that are covering the stock, AnalystRatingsNetwork.com reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.79.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Pinnacle Entertainment in a research note on Friday, July 25th. They now have a $19.00 price target on the stock, down previously from $20.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Pinnacle Entertainment in a research note on Friday, July 25th. They now have a $22.00 price target on the stock, down previously from $28.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pinnacle Entertainment in a research note on Tuesday, July 22nd. They now have a $27.00 price target on the stock, down previously from $28.00.
Pinnacle Entertainment (NYSE:PNK) opened at 21.90 on Friday. Pinnacle Entertainment has a 52-week low of $20.33 and a 52-week high of $26.77. The stock has a 50-day moving average of $24.13 and a 200-day moving average of $23.56. The company’s market cap is $1.305 billion.
Pinnacle Entertainment (NYSE:PNK) last announced its earnings results on Thursday, July 24th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.50 by $0.13. The company had revenue of $555.20 million for the quarter, compared to the consensus estimate of $558.51 million. During the same quarter last year, the company posted $0.21 earnings per share. Pinnacle Entertainment’s revenue was up 107.7% compared to the same quarter last year. On average, analysts predict that Pinnacle Entertainment will post $1.61 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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