Pinnacle Entertainment (PNK) : The highest short term price target forecast on Pinnacle Entertainment (PNK) is $19 and the lowest target price is $12. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $15.33 with a standard deviation of $3.51.
Pinnacle Entertainment (PNK) : 6 analysts are covering Pinnacle Entertainment (PNK) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Bank of America initiates coverage on Pinnacle Entertainment (NYSE:PNK). According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 22, 2016.
Pinnacle Entertainment (NYSE:PNK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.10 and $11.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.14, notching a gain of 0.83% for the day. The total traded volume was 297,657 . The stock had closed at $12.04 on the previous day.
Pinnacle Entertainment, Inc. (Pinnacle) is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The key properties in the Companys Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, River City and Belterra Park. The key properties in the Companys South segment include Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, LAuberge Baton Rouge and LAuberge Lake Charles. The key properties in the Companys West segment include Ameristar Black Hawk and Cactus Petes and Horseshu. The Company owns and operates around 15 gaming entertainment properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Ohio. It also holds a majority interest in the racing license owner, as well as a management contract, for Retama Park Racetrack located outside of San Antonio, Texas.