Penn Natl Gaming Inc (NASDAQ:PENN) shares traded 0.76% up during most recent session to reach at the closing price of $22.4. The stock exchanged hands 3.01 Million shares versus average trading capacity of 2.11 Million shares, yielding a market cap of $2.13 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $33 within the next 52-weeks. The mean target projections are based on 12 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 $38 and with a conservative view have low price target of $27.
JP Morgan “Maintained” Penn Natl Gaming Inc (NASDAQ:PENN) in a research note issued to investors on 11/02/18 to Overweight with price target of $37.
Additionally on 11/02/18 Nomura “Maintained” Penn Natl Gaming Inc (NASDAQ:PENN) to Neutral setting price target at $30 and on 7/17/18 Bank of America “Maintained” the stock to Neutral at $38. Furthermore on 6/26/18 Morgan Stanley “Maintained” the stock to Equal-Weight at $36.
On the other hand the company has Relative Strength Index (RSI 14) of 31.21 along with Average True Range (ATR 14) of 1.56, Consequently Penn Natl Gaming Inc (NASDAQ:PENN)’s weekly and monthly volatility is 7.72%, 6.09% respectively. The company’s beta value is at 1.88.
In terms of Buy, Sell or Hold recommendations, Penn Natl Gaming Inc (NASDAQ:PENN) has analysts’ mean recommendation of 2.2. 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 $-0.43 and can go high up to $0.45. The consensus mean EPS for the current quarter is at $-0.3 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.57 earnings per share for the same quarter during last year.
Previously Penn Natl Gaming Inc (NASDAQ:PENN) reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $-0.07. The company posted an earnings surprise of -15.6%.
Penn Natl Gaming Inc (NASDAQ:PENN)’s revenue estimates for the current quarter are $1.16 Billion according to 10 number of analysts, for the current quarter the company has high revenue estimates of $1.24 Billion in contradiction of low revenue estimates of $1.15 Billion. For the current year the company’s revenue estimates are $3.59 Billion compared to low analyst estimates of $3.53 Billion and high estimates of $3.69 Billion according to 11 number of analysts.
Currently Penn Natl Gaming Inc (NASDAQ:PENN)’s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 99.82%. However the six-month change in the insider ownership was recorded -16.46%, as well as three-month change in the institutional ownership was recorded 0.71%.
Penn Natl Gaming Inc (NASDAQ:PENN)’s trailing twelve month revenues are $3.2 Billion, whereas its price to sales ratio for the same period is 0.67. Its book value per share for the most recent quarter is $0.3 while its price to book ratio for the same period is 74.67, as for as the company’s cash per share for the most recent quarter is $2.11, however its price to cash per share ratio for the same period is 10.64. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 41.87.