News coverage about Penn National Gaming (NASDAQ:PENN) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Penn National Gaming earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.3832143630953 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently commented on the company. Deutsche Bank AG reiterated a “buy” rating and set a $25.00 price target (up previously from $22.00) on shares of Penn National Gaming in a report on Thursday, June 22nd. Zacks Investment Research upgraded Penn National Gaming from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and set a $23.00 price target on shares of Penn National Gaming in a report on Friday, July 14th. BidaskClub cut Penn National Gaming from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Telsey Advisory Group lifted their price target on Penn National Gaming from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $21.00.

Penn National Gaming (NASDAQ:PENN) traded down 0.43% during midday trading on Wednesday, hitting $21.05. 33,982 shares of the stock were exchanged. The firm’s 50-day moving average price is $20.76 and its 200 day moving average price is $18.78. Penn National Gaming has a 1-year low of $11.93 and a 1-year high of $22.19. The firm has a market capitalization of $1.92 billion, a P/E ratio of 26.44 and a beta of 1.01.

Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.07. The firm had revenue of $796.50 million during the quarter, compared to the consensus estimate of $788.65 million. Penn National Gaming had a negative return on equity of 16.72% and a net margin of 2.39%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 earnings per share. Analysts expect that Penn National Gaming will post $0.61 earnings per share for the current fiscal year.

In other Penn National Gaming news, insider Jay A. Snowden sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.86, for a total value of $1,043,000.00. Following the completion of the transaction, the insider now directly owns 86,281 shares in the company, valued at $1,799,821.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.10% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Penn National Gaming (NASDAQ:PENN)

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