Penn National Gaming (PENN) Receives ‘Analyst’ Rating

Penn National Gaming (PENN) : 8 analysts are covering Penn National Gaming (PENN) and their average rating on the stock is 1.5, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Penn National Gaming (PENN) : The most positive equity analysts on Penn National Gaming (PENN) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $19.43 with an expected fluctuation of $2.64 from the mean.


Also, In a research note released to the investors, Macquarie upgrades its rating on Penn National Gaming (NASDAQ:PENN).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 30, 2016.

Penn National Gaming (NASDAQ:PENN): After opening at $13.15, the stock dipped to an intraday low of $13.13 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.6 and the buying power remained strong till the end. The stock closed at $13.41 for the day, a gain of 2.13% for the day session. The total traded volume was 2,552,129. The stocks close on the previous trading day was $13.13.

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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