Research analysts at Credit Suisse cut their price target on shares of Penn National Gaming (NASDAQ:PENN) from $16.00 to $14.00 in a report released on Friday, StockRatingsNetwork reports. Credit Suisse’s target price indicates a potential upside of 17.35% from the company’s current price.
Shares of Penn National Gaming (NASDAQ:PENN) opened at 11.93 on Friday. Penn National Gaming has a 52-week low of $10.84 and a 52-week high of $15.50. The stock has a 50-day moving average of $12.8 and a 200-day moving average of $12.94. The company’s market cap is $919.3 million.
Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($11.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $11.53. The company had revenue of $644.70 million for the quarter, compared to the consensus estimate of $655.57 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, analysts predict that Penn National Gaming will post $0.30 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PENN. Analysts at Brean Capital cut their price target on shares of Penn National Gaming from $17.00 to $15.00 in a research note on Thursday, February 6th. They now have a “buy” rating on the stock. Separately, analysts at Barclays cut their price target on shares of Penn National Gaming from $15.00 to $13.00 in a research note on Wednesday, February 5th. They now have an “equal weight” rating on the stock. Finally, analysts at Bank of America downgraded shares of Penn National Gaming from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 28th. They now have a $10.00 price target on the stock, down previously from $17.00. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Penn National Gaming has an average rating of “Hold” and a consensus price target of $24.24.
Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.
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