SunTrust Banks reiterated their average rating on shares of Pinnacle Entertainment (NASDAQ:PNK) in a research report report published on Monday morning. They currently have a $35.00 target price on the stock. SunTrust Banks also issued estimates for Pinnacle Entertainment’s Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.74 EPS, Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $0.95 EPS and FY2019 earnings at $1.09 EPS.
Several other research firms have also recently weighed in on PNK. BidaskClub cut Pinnacle Entertainment from a buy rating to a hold rating in a report on Wednesday, January 31st. Citigroup cut Pinnacle Entertainment to a hold rating in a report on Tuesday, December 19th. Susquehanna Bancshares restated a neutral rating on shares of Pinnacle Entertainment in a report on Tuesday, December 19th. Macquarie cut Pinnacle Entertainment from an outperform rating to a neutral rating in a report on Tuesday, December 19th. Finally, ValuEngine cut Pinnacle Entertainment from a buy rating to a hold rating in a report on Friday, December 1st. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $30.14.
Pinnacle Entertainment (NASDAQ:PNK) opened at $30.30 on Monday. Pinnacle Entertainment has a 12-month low of $15.86 and a 12-month high of $33.59. The company has a debt-to-equity ratio of -11.36, a current ratio of 0.71 and a quick ratio of 0.68. The stock has a market capitalization of $2,063.98, a PE ratio of 60.60 and a beta of 1.44.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Pinnacle Entertainment in the third quarter worth approximately $150,000. Meeder Asset Management Inc. lifted its stake in shares of 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 acquiring an additional 2,166 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Pinnacle Entertainment in the third quarter worth approximately $202,000. Connable Office Inc. acquired a new position in shares of Pinnacle Entertainment in the fourth quarter worth approximately $242,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Pinnacle Entertainment in the third quarter worth approximately $271,000. 84.14% of the stock is currently owned by institutional investors.
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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.
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