Media headlines about Penn National Gaming (NASDAQ:PENN) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Penn National Gaming earned a news impact score of 0.06 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.3022934766668 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
PENN has been the subject of a number of recent research reports. Telsey Advisory Group downgraded shares of Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 price objective for the company. in a report on Friday, October 27th. BidaskClub upgraded shares of Penn National Gaming from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. TheStreet upgraded shares of Penn National Gaming from a “c+” rating to a “b+” rating in a report on Monday, November 13th. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Saturday, October 7th. Finally, Morgan Stanley increased their price target on shares of Penn National Gaming from $22.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.55.
Penn National Gaming (PENN) opened at $28.92 on Friday. Penn National Gaming has a 1 year low of $12.81 and a 1 year high of $29.25. The company has a market cap of $2,619.91, a P/E ratio of 38.87, a price-to-earnings-growth ratio of 7.30 and a beta of 1.04. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.82 and a quick ratio of 0.82.
In related news, 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 transaction of $2,757,700.00. Following the sale, the insider now directly owns 46,281 shares in the company, valued at approximately $1,160,264.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy J. Wilmott sold 1,661 shares of Penn National Gaming stock in a transaction on Friday, October 13th. The stock was sold at an average price of $24.01, for a total transaction of $39,880.61. The disclosure for this sale can be found here. Insiders sold a total of 350,813 shares of company stock worth $8,441,682 over the last 90 days. Company insiders own 10.17% of the company’s stock.
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.