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Shares of Penn National Gaming (NASDAQ:PENN) have been given an average rating of “Hold” by the seventeen analysts that are currently covering the company, StockRatingsNetwork reports. Three investment 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. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.00.

A number of research firms have recently commented on PENN. Analysts at Susquehanna cut their price target on shares of Penn National Gaming from $16.00 to $13.00 in a research note on Friday, August 8th. They now have a “positive” rating on the stock. Separately, 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. Finally, 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.

Penn National Gaming (NASDAQ:PENN) opened at 11.43 on Wednesday. Penn National Gaming has a 1-year low of $10.07 and a 1-year high of $15.50. The stock has a 50-day moving average of $10.93 and a 200-day moving average of $11.7. The company’s market cap is $897.3 million. Penn National Gaming also saw unusually large options trading activity on Monday. Investors bought 259 call options on the stock. This represents an increase of 154% compared to the average daily volume of 102 call options.

Penn National Gaming (NASDAQ:PENN) last posted its quarterly 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 $0.05 earnings per share for the current fiscal year.

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

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