Stifel Nicolaus reissued their buy rating on shares of Penn National Gaming (NASDAQ:PENN) in a research report sent to investors on Monday morning. The firm currently has a $33.00 price target on the stock.
Several other equities analysts have also recently commented on the company. Morgan Stanley increased their target price on Penn National Gaming from $22.00 to $26.00 and gave the company an equal weight rating in a research note on Tuesday, October 24th. Barclays raised their price objective on Penn National Gaming from $23.00 to $30.00 and gave the stock an overweight rating in a research note on Monday, November 20th. Telsey Advisory Group cut Penn National Gaming from an outperform rating to a market perform rating and set a $26.00 price objective on the stock. in a research note on Friday, October 27th. Zacks Investment Research cut Penn National Gaming from a buy rating to a hold rating in a research note on Wednesday, November 1st. Finally, TheStreet upgraded Penn National Gaming from a c+ rating to a b+ rating in a research note on Monday, November 13th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $25.00.
Penn National Gaming (NASDAQ PENN) traded up $0.44 during trading on Monday, hitting $31.34. The stock had a trading volume of 2,378,700 shares, compared to its average volume of 1,292,729. The stock has a market cap of $2,814.85, a PE ratio of 41.76, a P/E/G ratio of 7.72 and a beta of 1.04. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82. Penn National Gaming has a 12 month low of $13.00 and a 12 month high of $31.42.
A number of large investors have recently added to or reduced their stakes in PENN. FMR LLC grew its holdings in Penn National Gaming by 689.3% during the second quarter. FMR LLC now owns 5,132,702 shares of the company’s stock worth $109,840,000 after acquiring an additional 4,482,402 shares during the period. Earnest Partners LLC acquired a new position in Penn National Gaming during the third quarter worth about $36,544,000. Lord Abbett & CO. LLC acquired a new position in Penn National Gaming during the second quarter worth about $20,760,000. Renaissance Technologies LLC grew its holdings in Penn National Gaming by 384.9% during the second quarter. Renaissance Technologies LLC now owns 929,500 shares of the company’s stock worth $19,891,000 after acquiring an additional 737,800 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Penn National Gaming by 35.1% during the second quarter. Bank of New York Mellon Corp now owns 2,393,714 shares of the company’s stock worth $51,225,000 after acquiring an additional 622,482 shares during the period. 97.61% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/12/22/penn-national-gamings-penn-buy-rating-reiterated-at-stifel-nicolaus.html.
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.
Receive News & Ratings for Penn National Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming and related companies with MarketBeat.com's FREE daily email newsletter.