In a report released today, Brandt Montour from Barclays maintained a Buy rating on Penn National Gaming (PENN – Research Report), with a price target of $35.00. The company’s shares closed yesterday at $23.81.
According to TipRanks, Montour is a 5-star analyst with an average return of 13.4% and a 59.17% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as Penn National Gaming, MGM Resorts, and Royal Caribbean.
In addition to Barclays, Penn National Gaming also received a Buy from Needham’s Bernie McTernan in a report issued on January 18. However, on January 11, Truist Financial maintained a Hold rating on Penn National Gaming (NASDAQ: PENN).
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Based on Penn National Gaming’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.62 billion and a GAAP net loss of $724.8 million. In comparison, last year the company earned a revenue of $1.63 billion and had a net profit of $123.5 million
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PENN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Penn National Gaming (PENN) Company Description:
Penn National Gaming, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West and Midwest.. The Northeast segment consists of the following properties: Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, and Plain ridge Park Casino. The South and West segment comprises of the following properties: Zia Park Casino, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, M Resort, Tropicana Las Vegas, 1st Jackpot and Resorts. The Midwest segment controls the following properties: Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Argosy Casino Riverside, Hollywood Casino Lawrenceburg, Hollywood Casino St. Louis, and Prairie State Gaming. The company was founded in 1982 and is headquartered in Wyomissing, PA.
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