Shares of PENN Entertainment, Inc. (NASDAQ:PENN – Get Free Report) have been assigned an average rating of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.2857.
A number of equities research analysts have commented on PENN shares. Susquehanna decreased their price target on PENN Entertainment from $20.00 to $17.00 and set a “positive” rating on the stock in a report on Wednesday, February 11th. Wall Street Zen raised PENN Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Canaccord Genuity Group decreased their price target on PENN Entertainment from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Wells Fargo & Company raised their price target on PENN Entertainment from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Finally, Benchmark raised PENN Entertainment from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, March 5th.
View Our Latest Report on PENN Entertainment
Institutional Investors Weigh In On PENN Entertainment
PENN Entertainment Price Performance
Shares of PENN Entertainment stock opened at $15.83 on Monday. PENN Entertainment has a one year low of $11.65 and a one year high of $20.60. The stock’s fifty day moving average is $15.39 and its 200 day moving average is $14.68. The stock has a market cap of $2.12 billion, a P/E ratio of -2.36, a P/E/G ratio of 0.51 and a beta of 1.43. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.82 and a current ratio of 0.82.
PENN Entertainment (NASDAQ:PENN – Get Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. PENN Entertainment had a positive return on equity of 0.44% and a negative net margin of 13.55%.The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.68 EPS. PENN Entertainment’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that PENN Entertainment will post 1 earnings per share for the current year.
PENN Entertainment Company Profile
PENN Entertainment, Inc (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.
The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.
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