Shares of Penn National Gaming, Inc (NASDAQ:PENN) have been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.27.

A number of equities research analysts have issued reports on PENN shares. BidaskClub downgraded Penn National Gaming from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 25th. Zacks Investment Research upgraded Penn National Gaming from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. ValuEngine downgraded Penn National Gaming from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Nomura upgraded Penn National Gaming from a “neutral” rating to a “buy” rating and set a $24.17 price objective on the stock in a research report on Thursday, January 17th. Finally, Morgan Stanley set a $25.00 price objective on Penn National Gaming and gave the company a “hold” rating in a research report on Thursday, February 14th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in shares of Penn National Gaming by 9.7% in the fourth quarter. Advisors Asset Management Inc. now owns 4,714 shares of the company’s stock worth $89,000 after buying an additional 417 shares during the period. BB&T Securities LLC raised its holdings in shares of Penn National Gaming by 4.6% in the fourth quarter. BB&T Securities LLC now owns 16,256 shares of the company’s stock worth $306,000 after buying an additional 713 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of Penn National Gaming in the fourth quarter worth approximately $25,000. Advisor Group Inc. raised its holdings in shares of Penn National Gaming by 29.2% in the fourth quarter. Advisor Group Inc. now owns 7,531 shares of the company’s stock worth $143,000 after buying an additional 1,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Penn National Gaming by 44.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,241 shares of the company’s stock worth $136,000 after buying an additional 2,224 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

PENN stock traded up $0.06 during midday trading on Monday, reaching $21.28. 1,718,302 shares of the company traded hands, compared to its average volume of 1,799,582. Penn National Gaming has a 52-week low of $17.30 and a 52-week high of $36.90. The company has a debt-to-equity ratio of 12.90, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $2.49 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.85.

Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, February 7th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.03. Penn National Gaming had a return on equity of 47.01% and a net margin of 2.61%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted ($0.57) earnings per share. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. Equities research analysts expect that Penn National Gaming will post 1.42 EPS for the current year.

Penn National Gaming announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 9th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Penn National Gaming Company Profile

Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions.

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Analyst Recommendations for Penn National Gaming (NASDAQ:PENN)

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