Penn National Gaming (NDAQ:PENN) Rating Reiterated
In a research note issued on Monday morning, Penn National Gaming (NDAQ:PENN) stock had its Overweight Rating reaffirmed by professional analysts at Barclays Capital. They currently have a $30.00 target on firm. Barclays Capital’s target gives a potential upside of 8.30 % from the company’s current price.
Out of 11 brokers covering Penn National Gaming, 8 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $25 and the lowest is $16 according to Thomson/First Call. The 12-month mean target is $20.18, which means downside potential of 27.10% over the current price.
Goldentree Asset Management Lp had the most significant stake with ownership of 1.60M shares as of q2 2015 for 7.19% of the fund’s portfolio. Hg Vora Capital Management Llc is another notably bullish investment manager who is having 3.35M shares of Penn National Gaming or 5.88% of their fund’s portfolio. Also, Addison Clark Management L.L.C. have 5.3% of their fund’s portfolio invested in the company for 222,037 shares. The Colorado-based fund Rk Capital Management Llc revealed it had acquired so far a stake worth about 3.55% of the investment manager’s stock portfolio in Penn National Gaming. The Massachusetts-based fund Covalent Partners Llc is also positive about the stock, possessing 1.35M shares or 3.2% of their fund’s portfolio.
Penn National Gaming (NDAQ:PENN) 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.
Penn National Gaming (NDAQ:PENN) traded up 1.84% on 20 November, hitting $27.68. A total of 1.32M shares of the company’s stock traded hands. This is up from average of 968,097 shares. Penn National Gaming has a 52 week low of $12.77 and a 52 week high of $28.02. The company has a market cap of $2.52B and a P/E ratio of 3.17.
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