Somewhat Positive Media Coverage Somewhat Unlikely to Affect Penn National Gaming (PENN) Stock Price
News headlines about Penn National Gaming (NASDAQ:PENN) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Penn National Gaming earned a daily sentiment score of 0.00 on Accern’s scale. Accern also gave headlines about the company an impact score of 44.6020721063916 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Penn National Gaming (NASDAQ:PENN) opened at $28.53 on Friday. The company has a market cap of $2,620.00, a P/E ratio of 38.32, a P/E/G ratio of 7.20 and a beta of 1.38. 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 has a 52 week low of $13.00 and a 52 week high of $29.84.
PENN has been the topic of a number of recent research reports. Morgan Stanley upped their price target on shares of Penn National Gaming from $22.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Telsey Advisory Group cut shares of Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 price target on the stock. in a research note on Friday, October 27th. Zacks Investment Research cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Barclays upped their price target on shares of Penn National Gaming from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Finally, TheStreet upgraded shares of Penn National Gaming from a “c+” rating to a “b+” rating in a research note on Monday, November 13th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.55.
In related news, insider Jay A. Snowden sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the sale, the insider now owns 46,281 shares of the company’s stock, valued at approximately $1,160,264.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Wilmott sold 4,900 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $23.02, for a total transaction of $112,798.00. Following the sale, the chief executive officer now directly owns 460,600 shares in the company, valued at approximately $10,603,012. The disclosure for this sale can be found here. Insiders have sold a total of 350,813 shares of company stock worth $8,441,682 in the last ninety days. 10.17% of the stock is currently owned by insiders.
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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.
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