Brokerage Firm Rating Update on Penn National Gaming (PENN)

Penn National Gaming (PENN) : The consensus on Penn National Gaming (PENN) based on 8 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Penn National Gaming (PENN) : 7 investment research analysts covering Penn National Gaming (PENN) have an average price target of $19.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $23 and the lowest target is $15 for the short term. Analysts expect the variance to be within $2.64 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Macquarie upgrades the rating on Penn National Gaming (NASDAQ:PENN). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 30, 2016.

Penn National Gaming (NASDAQ:PENN): The stock opened at $14.14 and touched an intraday high of $14.28 on Wednesday. During the day, the stock corrected to an intraday low of $14.07, however, the bulls stepped in and pushed the price higher to close in the green at $14.25 with a gain of 0.78% for the day. The total traded volume for the day was 682,808. The stock had closed at $14.14 in the previous trading session.

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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