Analyst Revises Penn National Gaming, Inc. (NASDAQ:PENN) Stock Target


Penn National Gaming, Inc. (NASDAQ:PENN) mean price target has been set at $20.300 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.230 in the near-term quarter and $0.930 for the ongoing fiscal. The market cap of Penn National Gaming, Inc. was recorded at $1.09B after the stock closed at $13.455 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Penn National Gaming, Inc. (NASDAQ:PENN) has a P/E ratio of 53.820. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Penn National Gaming, Inc. (NASDAQ:PENN) PEG ratio sits at 2.880. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Penn National Gaming, Inc. visibly illustrates that the 50-day MA of Penn National Gaming, Inc. is $14.285, and stock is trading -0.830 or -5.811% distant from $14.285. The 200-day MA is $14.887, and this price is $-1.432 or -9.621% off from current level. Penn National Gaming, Inc. (NASDAQ:PENN) 52-week high is $19.590 and the 52-week low is $12.510. This represents that if the stock moves $-6.135 points up on the chart to make a 52-week high. But, if it declines $+7.554%, then the shares price can hit a new 52-week low.

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