Several other equities analysts also recently issued reports on PENN. Zacks Investment Research upgraded shares of Penn National Gaming from a hold rating to a buy rating and set a $27.00 price objective on the stock in a report on Saturday, October 7th. Telsey Advisory Group upped their target price 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. Morgan Stanley upped their target price on Penn National Gaming from $22.00 to $26.00 and gave the company an equal weight rating in a research report on Tuesday, October 24th. TheStreet upgraded Penn National Gaming from a c+ rating to a b+ rating in a research report on Monday, November 13th. Finally, Barclays upped their target price on Penn National Gaming from $23.00 to $30.00 and gave the company an overweight rating in a research report on Monday, November 20th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $25.00.
Penn National Gaming (NASDAQ PENN) opened at $30.90 on Monday. Penn National Gaming has a fifty-two week low of $13.00 and a fifty-two week high of $31.20. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36. The stock has a market cap of $2,678.21, a PE ratio of 39.73, a PEG ratio of 7.35 and a beta of 1.04.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PENN. Aperio Group LLC purchased a new position in shares of Penn National Gaming during the 2nd quarter worth $220,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Penn National Gaming during the 2nd quarter worth $418,000. CIBC Asset Management Inc purchased a new position in shares of Penn National Gaming during the 2nd quarter worth $213,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Penn National Gaming by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 602,673 shares of the company’s stock worth $12,898,000 after purchasing an additional 26,416 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Penn National Gaming by 72.0% during the 2nd quarter. First Trust Advisors LP now owns 132,454 shares of the company’s stock valued at $2,835,000 after acquiring an additional 55,466 shares during the period. Institutional investors and hedge funds own 97.61% 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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