Penn National Gaming (PENN) Lowered to “Buy” at BidaskClub
BidaskClub cut shares of Penn National Gaming (NASDAQ:PENN) from a strong-buy rating to a buy rating in a report published on Friday.
A number of other equities research analysts also recently issued reports on PENN. Union Gaming Research boosted their price target on Penn National Gaming to $35.00 and gave the company a buy rating in a research report on Wednesday, December 20th. TheStreet raised Penn National Gaming from a c+ rating to a b+ rating in a research report on Monday, November 13th. Telsey Advisory Group boosted their price target on Penn National Gaming from $23.00 to $26.00 and gave the company an outperform rating in a research report on Thursday, October 12th. Stifel Nicolaus reissued a buy rating and set a $33.00 price target on shares of Penn National Gaming in a research report on Monday, December 18th. Finally, Zacks Investment Research raised Penn National Gaming from a hold rating to a buy rating and set a $27.00 price target for the company in a research report on Saturday, October 7th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $26.55.
Penn National Gaming (NASDAQ PENN) remained flat at $$30.79 during mid-day trading on Friday. 959,100 shares of the stock were exchanged, compared to its average volume of 980,500. Penn National Gaming has a 12-month low of $13.00 and a 12-month high of $31.65. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $2,806.90, a PE ratio of 3.53, a P/E/G ratio of 4.11 and a beta of 1.04.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Penn National Gaming by 5.8% in the second quarter. Vanguard Group Inc. now owns 7,344,994 shares of the company’s stock worth $157,183,000 after acquiring an additional 405,172 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of Penn National Gaming by 0.6% in the third quarter. Bamco Inc. NY now owns 5,521,824 shares of the company’s stock worth $129,155,000 after acquiring an additional 35,400 shares in the last quarter. FMR LLC lifted its stake in shares of Penn National Gaming by 689.3% in 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 in the last quarter. State Street Corp lifted its stake in shares of Penn National Gaming by 8.6% in the second quarter. State Street Corp now owns 1,971,391 shares of the company’s stock worth $42,183,000 after acquiring an additional 156,455 shares in the last quarter. Finally, Earnest Partners LLC acquired a new position in shares of Penn National Gaming in the third quarter worth about $36,544,000. Institutional investors and hedge funds own 97.53% 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.
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