Penn National Gaming (NASDAQ:PENN) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, January 10th, ValuEngine reports.
Several other equities analysts have also weighed in on the stock. BidaskClub upgraded shares of Penn National Gaming from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price objective on shares of Penn National Gaming from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. They noted that the move was a valuation call. TheStreet upgraded shares of Penn National Gaming from a “c+” rating to a “b-” rating in a report on Tuesday, September 24th. Jefferies Financial Group lowered shares of Penn National Gaming from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $23.00 in a report on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $26.50.
PENN stock traded down $0.55 during midday trading on Friday, hitting $25.42. The stock had a trading volume of 956,500 shares, compared to its average volume of 1,262,505. The firm has a market cap of $3.01 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 0.36 and a beta of 1.72. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 5.75. Penn National Gaming has a 1-year low of $16.72 and a 1-year high of $27.50. The business has a fifty day moving average price of $25.71 and a two-hundred day moving average price of $21.39.
Penn National Gaming (NASDAQ:PENN) last released its earnings results on Thursday, October 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.03). Penn National Gaming had a net margin of 1.85% and a return on equity of 5.88%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $0.38 EPS. Penn National Gaming’s quarterly revenue was up 71.5% on a year-over-year basis. On average, equities analysts anticipate that Penn National Gaming will post 1.53 EPS for the current year.
Large investors have recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of Penn National Gaming by 14.4% during the second quarter. LPL Financial LLC now owns 13,721 shares of the company’s stock worth $264,000 after acquiring an additional 1,730 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Penn National Gaming by 27.0% during the third quarter. Dupont Capital Management Corp now owns 15,881 shares of the company’s stock worth $296,000 after acquiring an additional 3,374 shares in the last quarter. ARP Americas LP bought a new stake in shares of Penn National Gaming during the third quarter worth about $898,000. California State Teachers Retirement System increased its position in shares of Penn National Gaming by 0.5% during the third quarter. California State Teachers Retirement System now owns 171,890 shares of the company’s stock worth $3,201,000 after acquiring an additional 878 shares in the last quarter. Finally, Copper Rock Capital Partners LLC grew its position in Penn National Gaming by 20.0% in the 4th quarter. Copper Rock Capital Partners LLC now owns 800,401 shares of the company’s stock worth $20,458,000 after purchasing an additional 133,165 shares in the last quarter. 98.91% of the stock is owned by institutional investors.
Penn National Gaming Company Profile
Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions.
