Analysts’ Recent Ratings Updates for Penn National Gaming (PENN)

A number of research firms have changed their ratings and price targets for Penn National Gaming (NASDAQ: PENN):

  • 8/2/2017 – Penn National Gaming was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2017 – Penn National Gaming was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Penn National Gaming, Inc. are a diversified gaming and pari-mutuel wagering company. Their business strategy is focused on exploiting the higher margins and more stable cash flows associated with gaming operations compared to pari-mutuel operations. “
  • 8/1/2017 – Penn National Gaming was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/28/2017 – Penn National Gaming had its price target raised by analysts at Telsey Advisory Group from $23.00 to $24.00. They now have an “outperform” rating on the stock.
  • 7/19/2017 – Penn National Gaming was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/14/2017 – Penn National Gaming had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $23.00 price target on the stock.
  • 7/5/2017 – Penn National Gaming was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Penn National Gaming, Inc. are a diversified gaming and pari-mutuel wagering company. Their business strategy is focused on exploiting the higher margins and more stable cash flows associated with gaming operations compared to pari-mutuel operations. “
  • 6/22/2017 – Penn National Gaming was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/22/2017 – Penn National Gaming had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $25.00 price target on the stock, up previously from $22.00.
  • 6/19/2017 – Penn National Gaming had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $21.00 price target on the stock, up previously from $19.00.
  • 6/13/2017 – Penn National Gaming was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Penn National Gaming, Inc. (NASDAQ PENN) traded up 1.27% during midday trading on Wednesday, hitting $20.67. The company had a trading volume of 954,974 shares. The firm has a market capitalization of $1.88 billion, a P/E ratio of 27.86 and a beta of 1.01. The firm’s 50 day moving average is $20.96 and its 200-day moving average is $18.01. Penn National Gaming, Inc. has a 52 week low of $11.93 and a 52 week high of $22.19.

Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.25 by $0.07. The firm had revenue of $796.50 million for the quarter, compared to the consensus estimate of $788.65 million. Penn National Gaming had a negative return on equity of 16.72% and a net margin of 2.39%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. On average, equities research analysts expect that Penn National Gaming, Inc. will post $0.64 EPS for the current fiscal year.

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.

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