Stifel Nicolaus analyst Steven Wieczynski maintained a Hold rating on Penn National Gaming (PENN – Research Report) today and set a price target of $23.00. The company’s shares closed yesterday at $19.39.
According to TipRanks, Wieczynski is a 5-star analyst with an average return of 13.7% and a 55.98% success rate. Wieczynski covers the Consumer Cyclical sector, focusing on stocks such as Royal Caribbean, Boyd Gaming, and Carnival.
In addition to Stifel Nicolaus, Penn National Gaming also received a Hold from Jefferies’s David Katz in a report issued today. However, on the same day, Needham maintained a Buy rating on Penn National Gaming (NASDAQ: PENN).
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PENN market cap is currently $3.41B and has a P/E ratio of -16.52.
Based on the recent corporate insider activity of 33 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.
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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.
Read More on PENN:
- Warning! Penn National Gaming Stock (NASDAQ:PENN) Isn’t One to Gamble On
- Penn National Gaming (NASDAQ:PENN) Plunges after Catastrophic Earnings Report
- Penn Entertainment reports Q4 adjusted EPS ($1.75), consensus (51c)
- Penn Entertainment paid fair price for NY license, says Craig-Hallum
- Penn Entertainment to launch ESPN BET in New York in 2024
