Penn Natl Gaming Inc (NASDAQ:PENN) shares traded -0.88% down during most recent session to reach at the closing price of $21.51. The stock exchanged hands 1.22 Million shares versus average trading capacity of 1.84 Million shares, yielding a market cap of $1.85 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $21.11 within the next 52-weeks. The mean target projections are based on 14 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Penn Natl Gaming Inc (NASDAQ:PENN) high price target of $24 and with a conservative view have low price target of $17.
SunTrust Robinson Humphrey “Initiates Coverage On” Penn Natl Gaming Inc (NASDAQ:PENN) in a research note issued to investors on 2/10/17 to Hold with price target of $14.
Additionally on 1/05/17 JP Morgan “Downgrades” Penn Natl Gaming Inc (NASDAQ:PENN) to Neutral setting price target at $16 and on 12/07/16 Deutsche Bank “Maintained” the stock to Buy at $18. Furthermore on 6/30/16 Macquarie “Upgrades” the stock to Outperform.
On the other hand the company has Relative Strength Index (RSI 14) of 66.48 along with Average True Range (ATR 14) of 0.57, Consequently Penn Natl Gaming Inc (NASDAQ:PENN)’s weekly and monthly volatility is 2.60%, 2.76% respectively. The company’s beta value is at 1.37.
In terms of Buy, Sell or Hold recommendations, Penn Natl Gaming Inc (NASDAQ:PENN) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Penn Natl Gaming Inc (NASDAQ:PENN)’s minimum EPS for the current quarter is at $0.16 and can go high up to $0.3. The consensus mean EPS for the current quarter is at $0.23 derived from a total of 11 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.37 earnings per share for the same quarter during last year.
Previously Penn Natl Gaming Inc (NASDAQ:PENN) reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $-0.02. The company posted an earnings surprise of -25%.
While considering growth estimates of the company, it has next quarter growth estimates of -56.9% whereas during current quarter it has -37.8% estimations over growth, comparing to the estimations of -47.1% during current year and 74.6% for next year. Past 5 years growth of Penn Natl Gaming Inc (NASDAQ:PENN) observed at -32.13%, looking forward for the next 5 years it has a strong prediction of 1.87% over growth.
Penn Natl Gaming Inc (NASDAQ:PENN)’s revenue estimates for the current quarter are $777.94 Million according to 10 number of analysts, for the current quarter the company has high revenue estimates of $789.89 Million in contradiction of low revenue estimates of $756 Million. For the current year the company’s revenue estimates are $3.1 Billion compared to low analyst estimates of $3.04 Billion and high estimates of $3.17 Billion according to 11 number of analysts.
Currently Penn Natl Gaming Inc (NASDAQ:PENN)’s shares owned by insiders are 1.3%, whereas shares owned by institutional owners are 95.7%. However the six-month change in the insider ownership was recorded 0.3%, as well as three-month change in the institutional ownership was recorded 1.11%.
Penn Natl Gaming Inc (NASDAQ:PENN) 52-week high price stands at $22.19 and low price stands at $11.93, its price distance from 52-week high is -3.06% while its distance from 52-week low price is 80.3%. The stock hit its 52-week high on 06/14/17, and 52-week low on 11/03/16.
Penn Natl Gaming Inc (NASDAQ:PENN)’s trailing twelve month revenues are $3.05 Billion, whereas its price to sales ratio for the same period is 0.61. Its book value per share for the most recent quarter is $-5.96 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $3.02, however its price to cash per share ratio for the same period is 7.12. The stock has 5 year expected PEG ratio of 12.5 whereas its trailing twelve month P/E ratio is 23.33.