Penn National Gaming Inc (NASDAQ:PENN) (Trend Analysis) shares were traded with no significant volume change. The stock closed last trading session at $12.23, up by 0.91%, with a volume of 1,539,661 shares against an average amount for the last three months of 1,275,900.
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Penn National Gaming Inc (NASDAQ:PENN) stock is currently trading 32.06% below its 52-week-high, 2.51% above its 52-week-low. The 1-year stock price history is in the range of $11.93 – $18. Penn National Gaming Inc (PENN) has a price to earnings ratio of 11.75 versus Services sector average of 20.03. PENN stock price has underperformed the Nasdaq by 26.1%. The Racetracks company is currently valued at $1.02 billion, and its share price closed the last trading session at $12.23. The stock has a 50-day moving average of $13.33 and a 200-day moving average of $14.42.
Penn National Gaming Inc (PENN) current short interest stands at 7.93 million shares. It has increased by 2% from the same period of last month. Around 12% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.48 million shares, the number of days required to cover the short positions stand at 5.4 days.
Penn National Gaming Inc (PENN) declared last quarter earnings on October 27. The Racetracks company announced last quarter earnings per share of $0.51 against a consensus Street estimate of $0.27, beating the average estimate by $0.24. The company posted a revenue of $765.6 million compared to an estimation of $766.9 million.
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There are currently twelve analysts that cover Penn National Gaming Inc stock. Of those twelve, nine have a Buy rating, three have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $17.64.
A recent analyst activity consisted of Macquarie upgrading their Neutral rating to Outperform on June 30. On the date of report, the stock closed at $13.95.
Morgan Stanley upgraded their Underweight rating to Equal-weight on June 1, and increased their price target on PENN stock from $15 to $16. This corresponds to a 30.83% upside from the last closing price. On the date of report, the stock closed at $15.75.
Penn National Gaming, Inc. owns and operates Charles Town Races in West Virginia which features slot machines, casinos in Mississippi, and a riverboat gaming facility in Louisiana. The Company also owns racetracks and off-track wagering facilities in Pennsylvania, as well as manages a gaming facility in the Province of Ontario, Canada.