Pinnacle Entertainment Inc (PNK) Receives $27.17 Average Target Price from Brokerages
Pinnacle Entertainment Inc (NASDAQ:PNK) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.17.
PNK has been the subject of several research reports. ValuEngine cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub raised Pinnacle Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Bank of America increased their price objective on Pinnacle Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Barclays increased their price objective on Pinnacle Entertainment from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th.
Pinnacle Entertainment (NASDAQ PNK) traded down $0.11 on Tuesday, hitting $32.84. The stock had a trading volume of 338,500 shares, compared to its average volume of 606,367. Pinnacle Entertainment has a 12 month low of $13.61 and a 12 month high of $33.59. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of -11.36. The company has a market capitalization of $1,890.00 and a PE ratio of 65.68.
A number of hedge funds have recently modified their holdings of PNK. SG Americas Securities LLC bought a new position in Pinnacle Entertainment in the third quarter worth $150,000. Meeder Asset Management Inc. lifted its position in Pinnacle Entertainment by 35.5% in the third quarter. Meeder Asset Management Inc. now owns 8,266 shares of the company’s stock worth $176,000 after purchasing an additional 2,166 shares during the period. Pacad Investment Ltd. lifted its position in Pinnacle Entertainment by 212.3% in the second quarter. Pacad Investment Ltd. now owns 9,680 shares of the company’s stock worth $191,000 after purchasing an additional 6,580 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Pinnacle Entertainment in the third quarter worth $202,000. Finally, Macquarie Group Ltd. bought a new position in Pinnacle Entertainment in the third quarter worth $271,000. 82.19% of the stock is owned by hedge funds and other institutional investors.
Pinnacle Entertainment Company Profile
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.
Receive News & Ratings for Pinnacle Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.