Penn National Gaming (NASDAQ:PENN) had its target price decreased by Credit Suisse from $16.00 to $14.00 in a research note released on Friday morning, Stock Ratings News reports.
Penn National Gaming (NASDAQ:PENN) opened at 12.20 on Friday. Penn National Gaming has a 52-week low of $10.84 and a 52-week high of $15.50. The stock’s 50-day moving average is $12.86 and its 200-day moving average is $12.90. The company’s market cap is $940.1 million.
Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($11.40) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $11.53. The company had revenue of $644.70 million for the quarter, compared to the consensus estimate of $655.57 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis. On average, analysts predict that Penn National Gaming will post $0.35 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Capital cut their price target on shares of Penn National Gaming from $17.00 to $15.00 in a research note to investors on Thursday. They now have a buy rating on the stock. Separately, analysts at Barclays cut their price target on shares of Penn National Gaming from $15.00 to $13.00 in a research note to investors on Wednesday, February 5th. They now have an equal weight rating on the stock. Finally, analysts at Bank of America downgraded shares of Penn National Gaming from a buy rating to an underperform rating in a research note to investors on Tuesday, January 28th. They now have a $10.00 price target on the stock, down previously from $17.00. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Penn National Gaming currently has an average rating of Hold and an average target price of $24.24.
Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.
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