Penn National Gaming (PENN) : 6 brokerage houses believe that Penn National Gaming (PENN) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Penn National Gaming (PENN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.
Penn National Gaming (PENN) stock is expected to deviate a maximum of $2.75 from the average target price of $19.88 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $23 and the most muted being $15.
For the current week, the company shares have a recommendation consensus of Buy. Penn National Gaming (NASDAQ:PENN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.63 and $14.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.76, notching a gain of 0.82% for the day. The total traded volume was 918,702 . The stock had closed at $14.64 on the previous day.
In a related news, Naples Ronald J, director of Penn National Gaming Inc, executed a transaction worth $14,680 on May 24, 2016. A total of 1,000 shares were purchased at an average price of $14.68. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Penn National Gaming, Inc. is an owner and manager of gaming and pari-mutuel properties. The Companys segments include the East/Midwest segment, the West segment and the Southern Plains segment. The East/Midwest segment properties include Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, Hollywood Casino Bangor and Casino Rama. The West segment properties include Zia Park Casino and the M Resort. The Southern Plains segment properties include Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino Tunica, Boomtown Biloxi, Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino, Inc. is a subsidiary of the Company.