Rating on Penn National Gaming (NASDAQ:PENN) is Equal-Weight. Its Keeps by Morgan Stanley with $36 Target.

June 27, 2018 - By Andre Harris

Penn National Gaming, Inc. (NASDAQ:PENN) Corporate Logo

Big Money Sentiment increased to 1.34 in Q1 2018. It has change of 0.30, from 2017Q4’s 1.04. The ratio increased due to Penn National Gaming, Inc. positioning: 23 sold and 68 reduced. 52 funds bought stakes and 70 increased stakes. Investors holded 84.87 million in 2017Q4 but now own 84.43 million shares or 0.51% less.

Pub Sector Pension Board has invested 0.01% in Penn National Gaming, Inc. (NASDAQ:PENN). Swiss Savings Bank owns 151,100 shs. James Inv Inc holds 0.02% or 23,005 shs. Amalgamated Bankshares invested in 12,032 shs. Alliancebernstein Lp stated it has 0% in Penn National Gaming, Inc. (NASDAQ:PENN). Tiaa Cref Inv Management Limited holds 0.01% or 844,072 shs in its capital. Axa stated it has 0.03% of its capital in Penn National Gaming, Inc. (NASDAQ:PENN). Parametric Port Associate Llc holds 0.01% or 248,973 shs in its capital. Engineers Gate Manager Limited Partnership accumulated 74,187 shs. Credit Suisse Ag holds 0% of its capital in Penn National Gaming, Inc. (NASDAQ:PENN) for 109,875 shs. Teachers Retirement Sys Of The State Of Kentucky has invested 0.01% in Penn National Gaming, Inc. (NASDAQ:PENN). Deutsche National Bank Ag has 798,851 shs for 0.01% of their capital. Paloma Prtn stated it has 31,364 shs or 0.01% of all its holdings. Martingale Asset L P owns 80,678 shs. 1,274 were reported by Sei Invests.

Penn National Gaming, Inc. had 5 selling transactions and 3 insider purchases since February 9, 2018. This’s net activity of $9.84 million. On Friday, March 2 a trade for 10,560 shs valued at $274,349 was made by Snowden Jay A. On Thursday, April 26 $2.55M worth of Penn National Gaming, Inc. (NASDAQ:PENN) was sold by WILMOTT TIMOTHY J. On Friday, June 1 $2.85M worth of stock was sold by CARLINO PETER M. $567,701 worth of Penn National Gaming, Inc. (NASDAQ:PENN) was sold by Sottosanti Carl on Thursday, May 31.

Reiterated Penn National Gaming (NASDAQ:PENN) Rating.

New York: On Tuesday, 26 June, analysts note was shared with investors of Penn National Gaming (NASDAQ:PENN). Its Equal-Weight Rating reaffirmed by Morgan Stanley. Research analysts have PT of $36 which would suggest 3.42 % upside potential on firm’s stock.

Penn National Gaming, Inc. (NASDAQ:PENN) Ratings Coverage

In total 7 analysts cover Penn National Gaming (NASDAQ:PENN). “Buy” rating has 5, “Sell” are 0, while 2 are “Hold”. (NASDAQ:PENN) has 71% bullish analysts. 14 are the (NASDAQ:PENN)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Tuesday, June 26 the stock of Penn National Gaming, Inc. (NASDAQ:PENN) has “Equal-Weight” rating given by Morgan Stanley. On Thursday, May 24 Nomura maintained Penn National Gaming, Inc. (NASDAQ:PENN) rating. Nomura has “Neutral” rating and $35 target. On Monday, April 30 Morgan Stanley maintained Penn National Gaming, Inc. (NASDAQ:PENN) rating. Morgan Stanley has “Equal-Weight” rating and $31 target. On Tuesday, April 24 Morgan Stanley maintained the shares of PENN in report with “Equal-Weight” rating. The company rating was maintained by Deutsche Bank on Thursday, April 26. On Tuesday, February 6 the rating was maintained by Susquehanna with “Buy”. On Thursday, April 26 SunTrust upgraded Penn National Gaming, Inc. (NASDAQ:PENN) to “Buy” rating. The company rating was maintained by SunTrust on Monday, February 5. On Monday, January 22 the rating was maintained by Deutsche Bank with “Buy”. On Friday, February 9 the stock of Penn National Gaming, Inc. (NASDAQ:PENN) has “Buy” rating given by Deutsche Bank.

PENN reached $34.8125 during the last trading session after $0.7325 change.Penn National Gaming, Inc. has volume of 290,104 shares. Since June 27, 2017 PENN has risen 73.85% and is uptrending. The stock outperformed the S&P500 by 61.28%.

On July, 26. Investors expect Penn National Gaming, Inc. (NASDAQ:PENN) to reveal its quarterly earnings, according to Faxor. The earnings per share diference is $0.31 or 172.22 % up from last years number. Previous year: $0.18; Analysts forcast: $0.49. If PENN’s EPS is $0.49 the profit will reach $44.80M for 17.76 P/E. Wall Street forecasts 2.08 % EPS growth as of July, 26.

Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment.The firm is valued at $3.18 billion. The firm operates through Northeast, South/West, and Midwest divisions.6.38 is the P/E ratio. As of December 31, 2017, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada.

For more Penn National Gaming, Inc. (NASDAQ:PENN) news posted briefly go to: Investorplace.com, Benzinga.com, Seekingalpha.com, Fool.com or Streetinsider.com. The titles are as follows: “3 Casino Stocks to Buy Now” posted on June 22, 2018, “Analyst: Penn National, Caesars Entertainment Could Benefit Most From Sports Betting” on June 18, 2018, “Sports betting by the numbers” with a publish date: June 19, 2018, “Boyd Gaming Is About to Go on a Shopping Spree” and the last “Penn National Gaming (PENN) PT Raised to $36 at Morgan Stanley” with publication date: June 26, 2018.

Penn National Gaming, Inc. (NASDAQ:PENN) Institutional Investors Chart

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