Analyst Rating Update on Penn National Gaming (PENN)

Penn National Gaming (NASDAQ:PENN) has an average broker rating of 1.57, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Penn National Gaming (NASDAQ:PENN) : The highest short term price target forecast on Penn National Gaming (NASDAQ:PENN) is $25 and the lowest target price is $16. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $21.14 with a standard deviation of $3.02.

For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley upgrades its rating on Penn National Gaming (NASDAQ:PENN). The global brokerage major raises the current price target from $15 per share to $16 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The shares were previously rated Underweight. The rating by the firm was issued on June 1, 2016.

Penn National Gaming (NASDAQ:PENN): On Tuesdays trading session , Opening price of the stock was $13.79 with an intraday high of $14.08. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.45. However, the stock managed to close at $13.59, a loss of 0.73% for the day. On the previous day, the stock had closed at $13.69. The total traded volume of the day was 1,248,098 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Penn National Gaming Inc, Naples Ronald J had purchased shares worth of $14,680 in a transaction dated on May 24, 2016. A total of 1,000 shares were purchased at a price of $14.68 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Penn National Gaming, Inc. is an owner and manager of gaming and pari-mutuel properties. The Companys segments include the East/Midwest segment, the West segment and the Southern Plains segment. The East/Midwest segment properties include Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, Hollywood Casino Bangor and Casino Rama. The West segment properties include Zia Park Casino and the M Resort. The Southern Plains segment properties include Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino Tunica, Boomtown Biloxi, Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino, Inc. is a subsidiary of the Company.

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