Pinnacle Entertainment, Now Covered by Craig Hallum (PNK)
A number of other firms have also recently commented on PNK. Analysts at ISI Group upgraded shares of Pinnacle Entertainment, to a “buy” rating in a research note to investors on Monday. Separately, analysts at Nomura initiated coverage on shares of Pinnacle Entertainment, in a research note to investors on Monday, March 4th. They set a “buy” rating and a $18.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Pinnacle Entertainment, in a research note to investors on Monday, March 4th. They set a “buy” rating and a $18.00 price target on the stock.
Eight investment analysts have rated the stock with a buy rating, eight have given a hold rating, two have assigned an underweight rating, and one has issued a sell rating to the company’s stock. Pinnacle Entertainment, has a consensus rating of “overweight” and a consensus target price of $17.03.
Pinnacle Entertainment, opened at 14.76 on Tuesday. Pinnacle Entertainment, has a 1-year low of $8.89 and a 1-year high of $16.97. The stock’s 50-day moving average is currently $14.80. The company’s market cap is $861.7 million.
Pinnacle Entertainment, last released its earnings data on Wednesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.12. The company had revenue of $301.32 million for the quarter, compared to the consensus estimate of $307.40 million. During the same quarter last year, the company posted $0.26 earnings per share. Pinnacle Entertainment,’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that Pinnacle Entertainment, will post $0.85 earnings per share for the current fiscal year.
Pinnacle Entertainment, Inc. (Pinnacle) is an owner, operator and developer of casinos and related hospitality and entertainment facilities.
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