Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Penn National Gaming from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Nomura upgraded shares of Penn National Gaming from a “neutral” rating to a “buy” rating and set a $24.17 price objective for the company in a research report on Thursday, January 17th. BidaskClub upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, Morgan Stanley upgraded shares of Penn National Gaming from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $25.00 to $27.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.60.
Penn National Gaming stock traded up $0.14 during trading on Thursday, reaching $20.33. The stock had a trading volume of 2,521,189 shares, compared to its average volume of 2,278,825. Penn National Gaming has a 52-week low of $17.30 and a 52-week high of $36.90. The company has a quick ratio of 0.92, a current ratio of 0.78 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $2.38 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.38 and a beta of 1.85.
Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Penn National Gaming had a return on equity of 13.24% and a net margin of 2.20%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s revenue was up 57.2% compared to the same quarter last year. As a group, research analysts anticipate that Penn National Gaming will post 1.47 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new stake in Penn National Gaming in the 4th quarter valued at $25,000. Rockefeller Capital Management L.P. purchased a new stake in Penn National Gaming in the 1st quarter valued at $37,000. Manchester Capital Management LLC purchased a new stake in Penn National Gaming in the 1st quarter valued at $63,000. Advisors Asset Management Inc. raised its position in Penn National Gaming by 9.7% in the 4th quarter. Advisors Asset Management Inc. now owns 4,714 shares of the company’s stock valued at $89,000 after purchasing an additional 417 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Penn National Gaming in the 4th quarter valued at $97,000. Hedge funds and other institutional investors own 95.02% of the company’s stock.
About Penn National Gaming
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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