Penn National Gaming (NASDAQ:PENN) had its price objective dropped by Morgan Stanley from $33.00 to $31.00 in a report issued on Friday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 12.48% from the company’s previous close.

A number of other research firms have also recently commented on PENN. Zacks Investment Research upgraded Penn National Gaming from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, January 9th. Jefferies Group reiterated a “buy” rating and set a $35.00 target price on shares of Penn National Gaming in a research note on Tuesday, February 6th. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 target price on shares of Penn National Gaming in a research note on Monday, December 18th. Union Gaming Research lifted their target price on Penn National Gaming to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Finally, Deutsche Bank lifted their target price on Penn National Gaming from $29.00 to $32.00 in a research note on Monday, December 18th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.09.

Shares of Penn National Gaming (PENN) opened at $27.56 on Friday. The company has a market capitalization of $2,471.42, a price-to-earnings ratio of 5.23 and a beta of 1.05. Penn National Gaming has a 52 week low of $13.73 and a 52 week high of $33.30. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82.

Penn National Gaming (NASDAQ:PENN) last released its earnings results on Thursday, February 8th. The company reported ($3.40) EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($3.58). The business had revenue of $769.00 million for the quarter, compared to the consensus estimate of $766.82 million. Penn National Gaming had a negative return on equity of 22.76% and a net margin of 15.97%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. research analysts predict that Penn National Gaming will post 1.39 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Penn National Gaming by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,344,994 shares of the company’s stock worth $157,183,000 after acquiring an additional 405,172 shares during the last quarter. Bamco Inc. NY increased its holdings in Penn National Gaming by 0.6% in the 3rd quarter. Bamco Inc. NY now owns 5,521,824 shares of the company’s stock worth $129,155,000 after acquiring an additional 35,400 shares during the last quarter. State Street Corp increased its holdings in Penn National Gaming by 8.6% in the 2nd quarter. State Street Corp now owns 1,971,391 shares of the company’s stock worth $42,183,000 after acquiring an additional 156,455 shares during the last quarter. Earnest Partners LLC purchased a new stake in Penn National Gaming in the 3rd quarter worth about $36,544,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Penn National Gaming by 113.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,344,104 shares of the company’s stock worth $42,111,000 after acquiring an additional 714,928 shares during the last quarter. 98.33% of the stock is 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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