News stories about Penn National Gaming (NASDAQ:PENN) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Penn National Gaming earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.4066066951248 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Financial Comparison: Penn National Gaming (PENN) versus Its Competitors (americanbankingnews.com)
- Inside Gaming: Japan’s Casino Resort Bill Moves Ahead, Vote Awaits (pokernews.com)
- Critical Analysis: InterContinental Hotels Group (IHG) vs. Penn National Gaming (PENN) (americanbankingnews.com)
- Penn National Gaming, Inc (PENN) Expected to Post Quarterly Sales of $817.45 Million (americanbankingnews.com)
- Penn National Gaming (PENN) Price Target Raised to $26.00 at Morgan Stanley (americanbankingnews.com)
Shares of PENN opened at $26.28 on Friday. Penn National Gaming has a fifty-two week low of $17.56 and a fifty-two week high of $33.30. The company has a market capitalization of $2,384.50, a PE ratio of 2.93 and a beta of 1.44. The company has a debt-to-equity ratio of -64.22, a current ratio of 0.76 and a quick ratio of 0.76.
Several research firms have issued reports on PENN. TheStreet cut shares of Penn National Gaming from a “b-” rating to a “c” rating in a research report on Wednesday, March 21st. BidaskClub raised shares of Penn National Gaming from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Telsey Advisory Group assumed coverage on shares of Penn National Gaming in a research report on Tuesday, March 13th. They issued an “outperform” rating and a $33.00 price target for the company. Deutsche Bank lowered their price target on shares of Penn National Gaming from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Finally, Morgan Stanley lowered their price target on shares of Penn National Gaming from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Penn National Gaming currently has a consensus rating of “Buy” and an average price target of $31.30.
In other news, Director Jane Scaccetti acquired 2,500 shares of Penn National Gaming stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $27.51 per share, for a total transaction of $68,775.00. Following the purchase, the director now directly owns 14,831 shares in the company, valued at approximately $408,000.81. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay A. Snowden acquired 10,560 shares of Penn National Gaming stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average price of $25.98 per share, with a total value of $274,348.80. Following the purchase, the insider now owns 72,567 shares in the company, valued at $1,885,290.66. The disclosure for this purchase can be found here. Insiders own 10.17% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact Penn National Gaming (PENN) Share Price” was first posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3336919/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-penn-national-gaming-penn-share-price.html.
Penn National Gaming Company Profile
Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through Northeast, South/West, and Midwest segments. 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.
Receive News & Ratings for Penn National Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming and related companies with MarketBeat.com's FREE daily email newsletter.