Media stories about Penn National Gaming (NASDAQ:PENN) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Penn National Gaming earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.6511995172874 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Penn National Gaming (NASDAQ PENN) opened at $30.79 on Friday. The stock has a market capitalization of $2,850.00, a price-to-earnings ratio of 3.53, a P/E/G ratio of 4.15 and a beta of 1.38. Penn National Gaming has a 12-month low of $13.00 and a 12-month high of $31.65. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36.
A number of research analysts have recently weighed in on PENN shares. Deutsche Bank lifted their price target on Penn National Gaming from $29.00 to $32.00 in a report on Monday, December 18th. TheStreet upgraded Penn National Gaming from a “c+” rating to a “b+” rating in a report on Monday, November 13th. BidaskClub downgraded Penn National Gaming from a “strong-buy” rating to a “buy” rating in a report on Friday. Union Gaming Research lifted their price target on Penn National Gaming to $35.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price target on shares of Penn National Gaming in a report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $25.82.
In related news, CEO Timothy J. Wilmott sold 13,903 shares of Penn National Gaming stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $24.05, for a total transaction of $334,367.15. Following the completion of the sale, the chief executive officer now owns 456,100 shares of the company’s stock, valued at $10,969,205. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jay A. Snowden sold 110,000 shares of Penn National Gaming stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $25.07, for a total value of $2,757,700.00. Following the sale, the insider now directly owns 46,281 shares of the company’s stock, valued at approximately $1,160,264.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,058 shares of company stock valued at $3,432,148. Insiders own 10.17% of the company’s stock.
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Penn National Gaming Company Profile
Penn National Gaming, Inc (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.
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