Penn National Gaming, Inc. (NASDAQ:PENN) has been given a consensus rating of “Hold” by the fourteen analysts that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $22.10.

PENN has been the subject of a number of research analyst reports. Telsey Advisory Group downgraded shares of Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 price objective for the company. in a report on Friday, October 27th. BidaskClub upgraded shares of Penn National Gaming from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. TheStreet upgraded shares of Penn National Gaming from a “c+” rating to a “b+” rating in a report on Monday, November 13th. Zacks Investment Research downgraded shares of Penn National Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Morgan Stanley raised their price objective on shares of Penn National Gaming from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 24th.

In other news, CEO Timothy J. Wilmott sold 1,661 shares of Penn National Gaming stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $24.01, for a total value of $39,880.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay A. Snowden sold 110,000 shares of Penn National Gaming stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the completion of the transaction, the insider now owns 46,281 shares of the company’s stock, valued at approximately $1,160,264.67. The disclosure for this sale can be found here. Insiders sold 350,813 shares of company stock valued at $8,441,682 in the last quarter. Corporate insiders own 10.17% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Penn National Gaming by 5.8% in the second quarter. Vanguard Group Inc. now owns 7,344,994 shares of the company’s stock valued at $157,183,000 after acquiring an additional 405,172 shares during the period. Bamco Inc. NY boosted its position in shares of Penn National Gaming by 0.6% in the third quarter. Bamco Inc. NY now owns 5,521,824 shares of the company’s stock valued at $129,155,000 after acquiring an additional 35,400 shares during the period. FMR LLC boosted its position in shares of Penn National Gaming by 689.3% in the second quarter. FMR LLC now owns 5,132,702 shares of the company’s stock valued at $109,840,000 after acquiring an additional 4,482,402 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Penn National Gaming by 35.1% in the second quarter. Bank of New York Mellon Corp now owns 2,393,714 shares of the company’s stock valued at $51,225,000 after acquiring an additional 622,482 shares during the period. Finally, State Street Corp boosted its position in shares of Penn National Gaming by 8.6% in the second quarter. State Street Corp now owns 1,971,391 shares of the company’s stock valued at $42,183,000 after acquiring an additional 156,455 shares during the period. Hedge funds and other institutional investors own 97.67% of the company’s stock.

Penn National Gaming (NASDAQ PENN) traded up $0.56 during midday trading on Thursday, reaching $28.44. 1,276,300 shares of the company were exchanged, compared to its average volume of 1,251,973. Penn National Gaming has a 1-year low of $12.77 and a 1-year high of $29.13. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $2,539.75, a P/E ratio of 37.68, a PEG ratio of 7.08 and a beta of 0.97.

WARNING: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/11/30/penn-national-gaming-inc-penn-given-consensus-rating-of-hold-by-analysts.html.

About Penn National Gaming

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.

Analyst Recommendations for Penn National Gaming (NASDAQ:PENN)

Receive News & Ratings for Penn National Gaming Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming Inc. and related companies with MarketBeat.com's FREE daily email newsletter.