Analysts at Brean Capital reduced their price objective on shares of Penn National Gaming (NASDAQ:PENN) from $17.00 to $15.00 in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Brean Capital’s price target points to a potential upside of 22.95% from the stock’s previous close.
Penn National Gaming (NASDAQ:PENN) traded down 2.05% during mid-day trading on Thursday, hitting $11.95. The stock had a trading volume of 714,358 shares. Penn National Gaming has a 52 week low of $10.84 and a 52 week high of $15.50. The stock has a 50-day moving average of $12.86 and a 200-day moving average of $12.90. The company’s market cap is $920.8 million.
Penn National Gaming (NASDAQ:PENN) last released its earnings data on Thursday, February 6th. The company reported ($11.40) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $11.53. The company had revenue of $644.70 million for the quarter, compared to the consensus estimate of $655.57 million. During the same quarter last year, the company posted $0.28 earnings per share. Penn National Gaming’s revenue was down 13.3% compared to the same quarter last year. Analysts expect that Penn National Gaming will post $0.35 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PENN. Analysts at Barclays cut their price target on shares of Penn National Gaming from $15.00 to $13.00 in a research note to investors on Wednesday, February 5th. They now have an “equal weight” rating on the stock. Separately, analysts at Bank of America downgraded shares of Penn National Gaming from a “buy” rating to an “underperform” rating in a research note to investors on Tuesday, January 28th. They now have a $10.00 price target on the stock, down previously from $17.00. Finally, analysts at Bank of America downgraded shares of Penn National Gaming from a “buy” rating to an “underperform” rating in a research note to investors on Tuesday, January 28th. They now have a $10.00 price target on the stock, down previously from $17.00. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.24.
Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.
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