Why Penn National Gaming, Inc. (NASDAQ:PENN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $19.50 on Penn National Gaming, Inc. (NASDAQ:PENN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.01 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Penn National Gaming, Inc. (NASDAQ:PENN) stands at 25.46. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Penn National Gaming, Inc., the PEG ratio for coming 3-5 years is 2.97. Technical Analysis The technical analysis highlights that Penn National Gaming, Inc. current price is trading $0.88 points away +6.24% from $14.14, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $14.84 and, for now, the stock price is trading $0.18 or +1.18% away from that point. The 52-week high of Penn National Gaming, Inc. (NASDAQ:PENN) was $19.59 while lowest point recorded in 52-week was $12.51. It implies if stock price makes a movement of over $-4.57, it will record a new 52-week high. In the case of $+20.06% points drop, it will touch a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 14 times, 1 visits today)