Penn National Gaming, Inc (NASDAQ:PENN) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $29.03.

Several equities analysts have weighed in on PENN shares. Wolfe Research started coverage on Red Rock Resorts in a report on Friday, June 14th. They issued a “peer perform” rating for the company. Susquehanna Bancshares started coverage on Penn National Gaming in a report on Wednesday, July 24th. They issued a “positive” rating and a $25.00 price objective for the company. Morgan Stanley set a €9.00 ($10.47) price objective on Commerzbank and gave the company a “neutral” rating in a report on Thursday, May 9th. BidaskClub cut Ames National from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Finally, Bank of America started coverage on Coty in a report on Thursday, May 9th. They issued a “neutral” rating and a $12.00 price objective for the company.

In other Penn National Gaming news, insider Jay A. Snowden purchased 10,875 shares of the stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $19.51 per share, with a total value of $212,171.25. Following the acquisition, the insider now owns 104,433 shares of the company’s stock, valued at $2,037,487.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William J. Fair purchased 11,000 shares of the stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $19.54 per share, with a total value of $214,940.00. Following the acquisition, the chief financial officer now directly owns 46,998 shares in the company, valued at approximately $918,340.92. The disclosure for this purchase can be found here. 8.53% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Penn National Gaming by 31.7% during the 4th quarter. Geode Capital Management LLC now owns 1,302,174 shares of the company’s stock worth $24,519,000 after buying an additional 313,346 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Penn National Gaming during the 4th quarter worth $477,000. Manchester Capital Management LLC acquired a new position in shares of Penn National Gaming during the 1st quarter worth $63,000. Raymond James & Associates raised its holdings in shares of Penn National Gaming by 107.1% during the 1st quarter. Raymond James & Associates now owns 122,125 shares of the company’s stock worth $2,455,000 after buying an additional 63,154 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Penn National Gaming by 980.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 63,924 shares of the company’s stock worth $1,204,000 after buying an additional 58,008 shares in the last quarter. 96.77% of the stock is owned by institutional investors.

PENN traded up $0.12 during trading on Wednesday, hitting $19.61. The stock had a trading volume of 75,088 shares, compared to its average volume of 1,117,226. The stock has a 50 day simple moving average of $19.06. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.37 and a beta of 1.77. Penn National Gaming has a one year low of $17.30 and a one year high of $35.36. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 5.65.

Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. Penn National Gaming had a net margin of 2.20% and a return on equity of 13.24%. Penn National Gaming’s revenue was up 57.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, sell-side analysts expect that Penn National Gaming will post 1.42 EPS for the current fiscal year.

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.

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Analyst Recommendations for Penn National Gaming (NASDAQ:PENN)

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