Pinnacle Entertainment (PNK) Receives News Impact Rating of 0.22
Media stories about Pinnacle Entertainment (NASDAQ:PNK) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pinnacle Entertainment earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the company an impact score of 26 out of 100, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the near term.
Pinnacle Entertainment (NASDAQ:PNK) traded down 0.10% during trading on Monday, reaching $19.36. 39,520 shares of the company’s stock traded hands. Pinnacle Entertainment has a 12 month low of $10.41 and a 12 month high of $22.10. The company’s market cap is $1.11 billion. The firm’s 50 day moving average is $20.00 and its 200 day moving average is $17.92.
Pinnacle Entertainment (NASDAQ:PNK) last issued its quarterly earnings data on Wednesday, May 10th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. The company had revenue of $640 million for the quarter, compared to analyst estimates of $639.86 million. During the same quarter in the previous year, the business earned $0.83 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Analysts anticipate that Pinnacle Entertainment will post $0.95 EPS for the current year.
Several research firms have issued reports on PNK. Telsey Advisory Group upped their price target on Pinnacle Entertainment from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, May 10th. Zacks Investment Research cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Deutsche Bank AG upped their price target on Pinnacle Entertainment from $13.00 to $16.00 and gave the company a “hold” rating in a report on Friday, April 28th. BidaskClub cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Barclays PLC upped their price target on Pinnacle Entertainment from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, May 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.29.
About Pinnacle Entertainment
Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.
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