Somewhat Positive Press Coverage Somewhat Unlikely to Impact Pinnacle Entertainment (PNK) Share Price
Media headlines about Pinnacle Entertainment (NASDAQ:PNK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pinnacle Entertainment earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.4605764511723 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Pinnacle Entertainment (PNK) Cut to Hold at ValuEngine (americanbankingnews.com)
- Penn National Gaming Confirms Discussions with Pinnacle Entertainment (businesswire.com)
- Pinnacle Entertainment (PNK) Confirms Talks with Penn National Gaming (PENN) (streetinsider.com)
- Penn National Gaming’s Bid to Buy Pinnacle Entertainment Advances (wsj.com)
- Pinnacle Entertainment Confirms Discussions with Penn National Gaming (finance.yahoo.com)
Shares of Pinnacle Entertainment (NASDAQ PNK) opened at $31.15 on Thursday. The company has a market capitalization of $1,770.00 and a PE ratio of 40.53. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of -11.36. Pinnacle Entertainment has a twelve month low of $13.61 and a twelve month high of $33.59.
A number of research firms recently commented on PNK. ValuEngine lowered Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Barclays increased their target price on Pinnacle Entertainment from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. Bank of America increased their target price on Pinnacle Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Deutsche Bank increased their target price on Pinnacle Entertainment from $20.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $27.57.
In other news, Chairman Anthony Michael Sanfilippo bought 21,600 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was bought at an average price of $18.85 per share, for a total transaction of $407,160.00. Following the transaction, the chairman now owns 828,562 shares in the company, valued at $15,618,393.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 8.33% of the stock is owned by company insiders.
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About Pinnacle Entertainment
Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.
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