Penn National Gaming Inc. [NASDAQ: PENN] stock went on a downward path that fall over -0.74% on Monday, amounting to a one-week price increase of more than 6.93%.
Over the last 12 months, PENN stock rose by 254.66%. The one-year Penn National Gaming Inc. stock forecast points to a potential downside of -19.84. The average equity rating for PENN stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $9.97 billion, with 137.63 million shares outstanding and 129.89 million shares in the current float. Compared to the average trading volume of 10.06M shares, PENN stock reached a trading volume of 8831811 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $58.48 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 2.30. 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.
Stifel have made an estimate for Penn National Gaming Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 17, 2020. While these analysts kept the previous recommendation, Rosenblatt raised their target price to Buy. The new note on the price target was released on September 10, 2020, representing the official price target for Penn National Gaming Inc. stock. Previously, the target price had yet another raise to $75, while Craig Hallum analysts kept a Buy rating on PENN stock.
The Average True Range (ATR) for Penn National Gaming Inc. is set at 4.79, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 2.42. The Price to Book ratio for the last quarter was 5.99, with the Price to Cash per share for the same quarter was set at 8.74. Price to Free Cash Flow for PENN in the course of the last twelve months was 58.32 with Quick ratio for the last quarter at 2.00.
PENN Stock Performance Analysis:
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 6.93. With this latest performance, PENN shares gained by 23.86% in over the last four-week period, additionally plugging by 615.10% over the last 6 months – not to mention a rise of 254.66% 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 69.24, with the RSI for the last a single of trading hit 69.06, and the three-weeks RSI is set at 68.36 for Penn National Gaming Inc. [PENN]. The present Moving Average for the last 50 days of trading for this stock 48.76, while it was recorded at 69.95 for the last single week of trading, and 30.48 for the last 200 days.
Insight into Penn National Gaming Inc. 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 2.00 and a Current Ratio set at 2.00.
PENN Stock EPS
With the latest financial reports released by the company, Penn National Gaming Inc. posted 0.38/share EPS, while the average EPS was predicted by analysts to be reported at 0.43/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.60%. 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%.
Penn National Gaming Inc. [PENN] Insider Position Details
There are presently around $8,569 million, or 90.40% of PENN stock, in the hands of institutional investors. The top three institutional holders of PENN stocks are: FMR LLC with ownership of 17,840,286, which is approximately 69.81% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 15,577,473 shares of the stock with an approximate value of $1.09 billion in PENN stocks shares; and BAMCO INC /NY/, currently with $850.93 million in PENN stock with ownership of nearly 13.231% of the company’s market capitalization.
Positions in Penn National Gaming Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 217 institutional holders increased their position in Penn National Gaming Inc. [NASDAQ:PENN] by around 38,722,946 shares. Additionally, 136 investors decreased positions by around 13,671,664 shares, while 33 investors held positions by with 69,885,110 shares. The mentioned changes placed institutional holdings at 122,279,720 shares, according to the latest SEC report filing. PENN stock had 101 new institutional investments in for a total of 13,708,179 shares, while 52 institutional investors sold positions of 5,530,139 shares during the same period.