Penn National Gaming Inc. [PENN] stock Downgrade by Susquehanna analyst, price target now $34

Penn National Gaming Inc. [NASDAQ: PENN] jumped around 2.25 points on Monday, while shares priced at $36.10 at the close of the session, up 6.65%. The company report on July 15, 2020 that Penn National Gaming to Report Second Quarter Results and Host Conference Call and Webcast on August 6.

Penn National Gaming, Inc. (PENN: Nasdaq) announced today that it will release its 2020 second quarter financial results at 7:00 a.m. ET on Thursday, August 6, 2020 and will host a conference call and simultaneous webcast at 9:00 a.m. ET on Thursday, August 6. Both the call and webcast are open to the general public.

The conference call number is 212/231-2925; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call on the Internet at www.pngaming.com; allow 15 minutes to register and download and install any necessary software. Questions and answers will be reserved for call-in analysts and investors. A replay of the call can be accessed for thirty days on the Internet at www.pngaming.com.

Penn National Gaming Inc. stock is now 41.24% up from its year-to-date (YTD) trading value. PENN Stock saw the intraday high of $36.25 and lowest of $33.27 per share. The company’s 52-week high price is 40.14, which means current price is +862.67% above from all time high which was touched on 06/05/20.

Compared to the average trading volume of 14.33M shares, PENN reached a trading volume of 6177654 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Penn National Gaming Inc. [PENN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PENN shares is $38.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PENN stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Susquehanna have made an estimate for Penn National Gaming Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 09, 2020. The new note on the price target was released on June 08, 2020, representing the official price target for Penn National Gaming Inc. stock. Previously, the target price had yet another raise from $27 to $32, while Deutsche Bank kept a Hold rating on PENN stock. On November 01, 2019, analysts decreased their price target for PENN shares from 25 to 23.

The Average True Range (ATR) for Penn National Gaming Inc. is set at 2.78, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 1.04. The Price to Book ratio for the last quarter was 3.33, with the Price to Cash per share for the same quarter was set at 4.94. Price to Free Cash Flow for PENN in the course of the last twelve months was 11.16 with Quick ratio for the last quarter at 1.60.

How has PENN stock performed recently?

Penn National Gaming Inc. [PENN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.86. With this latest performance, PENN shares gained by 16.72% in over the last four-week period, additionally plugging by 20.70% over the last 6 months – not to mention a rise of 90.70% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PENN stock in for the last two-week period is set at 54.81, with the RSI for the last a single of trading hit 57.45, and the three-weeks RSI is set at 56.95 for Penn National Gaming Inc. [PENN]. The present Moving Average for the last 50 days of trading for this stock 32.42, while it was recorded at 35.48 for the last single week of trading, and 24.75 for the last 200 days.

Penn National Gaming Inc. [PENN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Penn National Gaming Inc. [PENN] shares currently have an operating margin of +14.13 and a Gross Margin at +36.46. Penn National Gaming Inc.’s Net Margin is presently recorded at +0.83.

Return on Total Capital for PENN is now 6.38, given the latest momentum, and Return on Invested Capital for the company is 0.38. Return on Equity for this stock inclined to 3.40, with Return on Assets sitting at 0.31. When it comes to the capital structure of this company, Penn National Gaming Inc. [PENN] has a Total Debt to Total Equity ratio set at 611.45. Additionally, PENN Total Debt to Total Capital is recorded at 85.94, with Total Debt to Total Assets ending up at 73.64. Long-Term Debt to Equity for the company is recorded at 598.82, with the Long-Term Debt to Total Capital now at 84.17.

Reflecting on the efficiency of the workforce at the company, Penn National Gaming Inc. [PENN] managed to generate an average of $1,551 per employee. Receivables Turnover for the company is 54.22 with a Total Asset Turnover recorded at a value of 0.37.Penn National Gaming Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Earnings analysis for Penn National Gaming Inc. [PENN]

With the latest financial reports released by the company, Penn National Gaming Inc. posted 0.44/share EPS, while the average EPS was predicted by analysts to be reported at 0.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PENN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Penn National Gaming Inc. go to 42.64%.

Insider trade positions for Penn National Gaming Inc. [PENN]

There are presently around $3,553 million, or 73.70% of PENN stock, in the hands of institutional investors. The top three institutional holders of PENN stocks are: BLACKROCK INC. with ownership of 12,630,287, which is approximately -4.264% of the company’s market cap and around 1.20% of the total institutional ownership; BAMCO INC /NY/, holding 10,723,468 shares of the stock with an approximate value of $387.12 million in PENN stocks shares; and FMR LLC, currently with $379.27 million in PENN stock with ownership of nearly 0.82% of the company’s market capitalization.

177 institutional holders increased their position in Penn National Gaming Inc. [NASDAQ:PENN] by around 13,657,667 shares. Additionally, 142 investors decreased positions by around 23,586,945 shares, while 40 investors held positions by with 61,167,294 shares. The mentioned changes placed institutional holdings at 98,411,906 shares, according to the latest SEC report filing. PENN stock had 88 new institutional investments in for a total of 6,954,307 shares, while 59 institutional investors sold positions of 4,618,948 shares during the same period.

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