Penn National Gaming, Inc. (NASDAQ:PENN)‘s stock had its “buy” rating restated by Stifel Nicolaus in a note issued to investors on Friday. They currently have a $23.00 price objective on the stock. Stifel Nicolaus’ price objective points to a potential upside of 10.84% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Penn National Gaming from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 price target (up previously from $22.00) on shares of Penn National Gaming in a research report on Thursday, June 22nd. BidaskClub lowered Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Instinet reiterated a “neutral” rating and issued a $21.00 price target (up previously from $19.00) on shares of Penn National Gaming in a research report on Monday, June 19th. Finally, FBR & Co reiterated an “outperform” rating and issued a $23.00 price target (up previously from $20.00) on shares of Penn National Gaming in a research report on Monday, April 10th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Penn National Gaming has an average rating of “Buy” and a consensus target price of $20.60.

Penn National Gaming (NASDAQ PENN) traded down 0.38% during trading on Friday, reaching $20.75. The company had a trading volume of 473,765 shares. The firm has a market capitalization of $1.88 billion, a PE ratio of 21.00 and a beta of 1.02. The firm’s 50 day moving average price is $20.39 and its 200 day moving average price is $16.85. Penn National Gaming has a 12-month low of $11.93 and a 12-month high of $22.19.

Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $776.20 million for the quarter, compared to the consensus estimate of $769.81 million. Penn National Gaming had a negative return on equity of 19.08% and a net margin of 2.97%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts anticipate that Penn National Gaming will post $0.64 earnings per share for the current year.

WARNING: “Penn National Gaming, Inc. (PENN) Earns “Buy” Rating from Stifel Nicolaus” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/07/15/penn-national-gaming-inc-penn-earns-buy-rating-from-stifel-nicolaus.html.

Several large investors have recently made changes to their positions in PENN. UBS Asset Management Americas Inc. raised its stake in shares of Penn National Gaming by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 45,183 shares of the company’s stock valued at $754,000 after buying an additional 134 shares during the last quarter. Frontier Investment Mgmt Co. raised its stake in shares of Penn National Gaming by 0.4% in the fourth quarter. Frontier Investment Mgmt Co. now owns 151,534 shares of the company’s stock valued at $2,428,000 after buying an additional 540 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Penn National Gaming by 4.9% in the second quarter. Suntrust Banks Inc. now owns 12,742 shares of the company’s stock valued at $177,000 after buying an additional 592 shares during the last quarter. Nine Chapters Capital Management LLC raised its stake in shares of Penn National Gaming by 4.1% in the first quarter. Nine Chapters Capital Management LLC now owns 17,700 shares of the company’s stock valued at $326,000 after buying an additional 700 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Penn National Gaming by 9.2% in the fourth quarter. Van ECK Associates Corp now owns 9,429 shares of the company’s stock valued at $130,000 after buying an additional 795 shares during the last quarter. Institutional investors own 94.55% of the company’s stock.

Penn National Gaming Company Profile

Penn National Gaming, Inc (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.

Analyst Recommendations for Penn National Gaming (NASDAQ:PENN)

Receive News & Ratings for Penn National Gaming Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming Inc. and related companies with MarketBeat.com's FREE daily email newsletter.