Market Analysts see Penn National Gaming Inc. [PENN] gaining to $150. Time to buy?

Penn National Gaming Inc. [NASDAQ: PENN] closed the trading session at $108.75 on 03/25/21. The day’s price range saw the stock hit a low of $98.50, while the highest price level was $109.07. The company report on March 22, 2021 that Penn National Gaming Launches Diversity Scholarship Program for Children of Team Members.

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Company Dedicates $1 Million Annually to Fund New Scholarships.

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Penn National Gaming, Inc. (Nasdaq: PENN)(“Penn National” or the “Company”) announced that it has launched a new Diversity Scholarship Program for the children of its team members, which reflects the Company’s commitment to equity in post-secondary education opportunities for students. Penn National is partnering with The Public Education Foundation (“PEF”) to administer the Diversity Scholarship Program and has committed $1 million annually to fund the program.

The stocks have a year to date performance of 25.91 percent and weekly performance of -2.85 percent. The stock has been moved at 57.61 percent over the last six months. The stock has performed -9.63 percent around the most recent 30 days and changed 13.61 percent over the most recent 3-months.

If compared to the average trading volume of 5.10M shares, PENN reached to a volume of 5089065 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $109.36 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 2.40. 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.

Craig Hallum have made an estimate for Penn National Gaming Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 05, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on January 20, 2021, representing the official price target for Penn National Gaming Inc. stock.

The Average True Range (ATR) for Penn National Gaming Inc. is set at 9.43, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 4.54. The Price to Book ratio for the last quarter was 6.42, with the Price to Cash per share for the same quarter was set at 12.42. Price to Free Cash Flow for PENN in the course of the last twelve months was 80.43 with Quick ratio for the last quarter at 2.40.

PENN stock trade performance evaluation

Penn National Gaming Inc. [PENN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.85. With this latest performance, PENN shares dropped by -9.63% in over the last four-week period, additionally plugging by 57.61% over the last 6 months – not to mention a rise of 646.91% 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 44.83, with the RSI for the last a single of trading hit 41.54, and the three-weeks RSI is set at 47.38 for Penn National Gaming Inc. [PENN]. The present Moving Average for the last 50 days of trading for this stock 113.98, while it was recorded at 111.03 for the last single week of trading, and 72.62 for the last 200 days.

Penn National Gaming Inc. [PENN]: An insightful look at the core 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 +5.99 and a Gross Margin at +37.56. Penn National Gaming Inc.’s Net Margin is presently recorded at -18.71.

Return on Total Capital for PENN is now 1.59, given the latest momentum, and Return on Invested Capital for the company is -5.05. Return on Equity for this stock declined to -29.70, with Return on Assets sitting at -4.12. 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 420.05. Additionally, PENN Total Debt to Total Capital is recorded at 80.77, with Total Debt to Total Assets ending up at 65.15. Long-Term Debt to Equity for the company is recorded at 414.18, with the Long-Term Debt to Total Capital now at 78.95.

Reflecting on the efficiency of the workforce at the company, Penn National Gaming Inc. [PENN] managed to generate an average of -$36,543 per employee. Receivables Turnover for the company is 38.67 with a Total Asset Turnover recorded at a value of 0.22.Penn National Gaming Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

Earnings per share (EPS) analysis for Penn National Gaming Inc. [PENN] stock

With the latest financial reports released by the company, Penn National Gaming Inc. posted -5.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5,744.40%. 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.

Penn National Gaming Inc. [PENN]: Insider Ownership positions

There are presently around $15,398 million, or 90.90% of PENN stock, in the hands of institutional investors. The top three institutional holders of PENN stocks are: FMR LLC with ownership of 20,554,133, which is approximately 0.354% of the company’s market cap and around 0.90% of the total institutional ownership; BLACKROCK INC., holding 19,263,581 shares of the stock with an approximate value of $2.09 billion in PENN stocks shares; and VANGUARD GROUP INC, currently with $1.51 billion in PENN stock with ownership of nearly 5.644% of the company’s market capitalization.

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Positions in Penn National Gaming Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 294 institutional holders increased their position in Penn National Gaming Inc. [NASDAQ:PENN] by around 14,407,470 shares. Additionally, 216 investors decreased positions by around 10,168,689 shares, while 53 investors held positions by with 117,017,529 shares. The mentioned changes placed institutional holdings at 141,593,688 shares, according to the latest SEC report filing. PENN stock had 128 new institutional investments in for a total of 2,670,884 shares, while 70 institutional investors sold positions of 3,067,316 shares during the same period.

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