Penn National Gaming, Inc (PENN) Given Consensus Rating of “Buy” by Brokerages

Shares of Penn National Gaming, Inc (NASDAQ:PENN) have been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.09.

A number of research firms have recently commented on PENN. Morgan Stanley reduced their price objective on shares of Penn National Gaming from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday. Deutsche Bank reduced their price objective on shares of Penn National Gaming from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday. Jefferies Group restated a “buy” rating and set a $35.00 price objective on shares of Penn National Gaming in a research note on Tuesday, February 6th. Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, January 9th. Finally, BidaskClub downgraded shares of Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 5th.

Penn National Gaming (PENN) traded up $0.27 during trading on Tuesday, hitting $27.83. 1,829,600 shares of the stock were exchanged, compared to its average volume of 1,194,641. Penn National Gaming has a one year low of $13.73 and a one year high of $33.30. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $2,512.44, a P/E ratio of 5.28 and a beta of 1.05.

Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($3.40) EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($3.58). Penn National Gaming had a negative return on equity of 22.76% and a net margin of 15.97%. The business had revenue of $769.00 million for the quarter, compared to analyst estimates of $766.82 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. analysts expect that Penn National Gaming will post 1.39 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new stake in Penn National Gaming during the fourth quarter worth approximately $2,340,000. Brant Point Investment Management LLC acquired a new stake in Penn National Gaming during the fourth quarter worth approximately $4,059,000. Carillon Tower Advisers Inc. acquired a new stake in Penn National Gaming during the fourth quarter worth approximately $71,807,000. Cookson Peirce & Co. Inc. lifted its position in Penn National Gaming by 148.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 45,510 shares of the company’s stock worth $1,426,000 after acquiring an additional 27,190 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Penn National Gaming during the fourth quarter worth approximately $394,000. Institutional investors and hedge funds own 97.32% of the company’s stock.

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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)

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