Equities research analysts at Jefferies Group began coverage on shares of Penn National Gaming (NASDAQ:PENN) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $39.00 price target on the stock. Jefferies Group’s price objective suggests a potential upside of 18.54% from the company’s previous close.

Several other equities analysts have also commented on PENN. Zacks Investment Research raised Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research 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 raised 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. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.58.

Penn National Gaming (PENN) traded up $0.64 during trading on Thursday, reaching $32.90. The company had a trading volume of 759,206 shares, compared to its average volume of 1,410,000. The firm has a market cap of $3,060.00, a price-to-earnings ratio of 3.77 and a beta of 1.38. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 18.36. Penn National Gaming has a 12-month low of $13.00 and a 12-month high of $32.98.

Penn National Gaming (NASDAQ:PENN) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. Penn National Gaming had a negative return on equity of 20.51% and a net margin of 26.16%. sell-side analysts anticipate that Penn National Gaming will post 0.71 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in PENN. Ameritas Investment Partners Inc. raised its position in shares of Penn National Gaming by 6.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock valued at $159,000 after purchasing an additional 482 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Penn National Gaming during the 2nd quarter valued at approximately $206,000. Royal Bank of Canada raised its position in shares of Penn National Gaming by 209.1% during the 2nd quarter. Royal Bank of Canada now owns 9,892 shares of the company’s stock valued at $212,000 after acquiring an additional 6,692 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Penn National Gaming by 82.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock valued at $214,000 after acquiring an additional 4,138 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Penn National Gaming by 3.8% during the 2nd quarter. Amalgamated Bank now owns 10,962 shares of the company’s stock valued at $235,000 after acquiring an additional 405 shares in the last quarter. 97.53% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Penn National Gaming (NASDAQ:PENN)

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