Impact of Brokerage Rating on Penn National Gaming, Inc.(PENN)

Many Penn National Gaming, Inc.(PENN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Penn National Gaming Inc was Initiated by SunTrust on Feb 10, 2017 to Hold, Price Target of the shares are set at $14.Penn National Gaming Inc was Downgraded by JP Morgan on Jan 5, 2017 to Neutral, Price Target of the shares are set at $16.

Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Jane Scaccetti (director) purchased 3,300 shares at 14.34 per share price.On Dec 2, 2016, Peter M Carlino (director) sold 168,246 shares at 13.26 per share price.On Nov 23, 2016, Carl Sottosanti (EVP,Gen Counsel & Secretary) sold 37,598 shares at 13.85 per share price.

Penn National Gaming Inc Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.20. Analyst had a consensus of $-0.15. The company had revenue of $742.90 million for the quarter, compared to analysts expectations of $746.11 million. The companys revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Penn National Gaming, Inc. (NASDAQ:PENN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.89 by 9 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.

Penn National Gaming, Inc. (NASDAQ:PENN): 10 Analyst have given the stock of Penn National Gaming, Inc. (NASDAQ:PENN) a near short term price target of $17.65. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.67. The higher price target estimate is at $23 while the lower price estimates are fixed at $14.

Penn National Gaming, Inc. (NASDAQ:PENN) rose 0.15% or 0.02 points on Tuesday and made its way into the gainers of the day. After trading began at $13.88 the stock was seen hitting $14 as a peak level and $13.73 as the lowest level. The stock ended up at $13.79. The daily volume was measured at 651,777 shares. The 52-week high of the share price is $17.4 and the 52-week low is $11.93. The company has a market cap of $1,152 million.

Penn National Gaming, Inc. are a diversified gaming and pari-mutuel wagering company. Their business strategy is focused on exploiting the higher margins and more stable cash flows associated with gaming operations compared to pari-mutuel operations.

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