Somewhat Positive Media Coverage Somewhat Unlikely to Impact Pinnacle Entertainment (PNK) Share Price
Media coverage about Pinnacle Entertainment (NASDAQ:PNK) has been trending somewhat positive on Sunday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog 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 news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.9946145333433 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Pinnacle Entertainment Inc (NASDAQ:PNK) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
- Pinnacle Entertainment Inc (PNK) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Pinnacle Entertainment Inc (NASDAQ:PNK) Earns “Hold” Rating from Stifel Nicolaus (americanbankingnews.com)
- Pinnacle Entertainment Reports Strong 2017 Second Quarter Financial and Operating Results (finance.yahoo.com)
- Edited Transcript of PNK earnings conference call or presentation 10-Aug-17 2:00pm GMT (finance.yahoo.com)
A number of equities analysts have weighed in on the company. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 target price on shares of Pinnacle Entertainment in a research report on Friday. Zacks Investment Research raised Pinnacle Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday. BidaskClub lowered Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. ValuEngine raised Pinnacle Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, May 20th. Finally, Barclays PLC boosted their target price on Pinnacle Entertainment from $20.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.86.
Shares of Pinnacle Entertainment (NASDAQ PNK) opened at 19.09 on Friday. Pinnacle Entertainment has a 1-year low of $10.54 and a 1-year high of $22.10. The firm’s 50 day moving average price is $19.51 and its 200-day moving average price is $18.93. The company has a market capitalization of $1.08 billion, a P/E ratio of 67.70 and a beta of 1.31.
Pinnacle Entertainment (NASDAQ:PNK) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.07. Pinnacle Entertainment had a negative return on equity of 8.88% and a net margin of 0.68%. The firm had revenue of $653.60 million during the quarter, compared to analysts’ expectations of $647.36 million. During the same quarter in the previous year, the business earned ($8.04) earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts expect that Pinnacle Entertainment will post $0.94 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “Somewhat Positive Media Coverage Somewhat Unlikely to Impact Pinnacle Entertainment (PNK) Share Price” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.watchlistnews.com/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-pinnacle-entertainment-pnk-share-price/1480543.html.
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.
Receive News & Ratings for Pinnacle Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.