Market Analysts see PENN Entertainment Inc [PENN] gaining to $30. Time to buy?

PENN Entertainment Inc [NASDAQ: PENN] traded at a low on 11/28/23, posting a -1.29 loss after which it closed the day’ session at $25.99. The company report on November 28, 2023 at 10:00 AM that PENN Entertainment Announces Groundbreaking Ceremony for Relocated Hollywood Casino Aurora.

PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for the future Hollywood Casino Aurora on November 29, 2023 at 2:45pm CT. The entirely new land-based casino, hotel and entertainment facility will replace the Company’s nearby riverboat casino when completed.

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The $360 million regional destination is being developed adjacent to the Chicago Premium Outlets, which attracts over eight million visitors annually, and is conveniently located near Interstate 88 in Aurora. The best-in-class facility will feature roughly 1,200 gaming positions, approximately 220 guest rooms, a retail sportsbook, outdoor entertainment area, full-service spa, high-quality bars and restaurants, an approximately 12,000 square foot event center with meeting areas and approximately 1,700 parking spaces. The Company expects to create 700 construction jobs and 700 permanent jobs at the new facility, nearly doubling the Company’s current team members in Aurora.

The results of the trading session contributed to over 4770602 shares changing hands. Over the past one week, the price volatility of PENN Entertainment Inc stands at 2.47% while the volatility over the past one month is 3.90%.

The market cap for PENN stock reached $3.94 billion, with 152.90 million shares outstanding and 149.26 million shares in the current float. Compared to the average trading volume of 5.02M shares, PENN reached a trading volume of 4770602 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 Entertainment Inc [PENN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PENN shares is $29.31 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 2.26. 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.

BofA Securities have made an estimate for PENN Entertainment Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 20, 2023.

The Average True Range (ATR) for PENN Entertainment Inc is set at 0.95, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 0.60. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 8.84. Price to Free Cash Flow for PENN in the course of the last twelve months was 6.29 with Quick ratio for the last quarter at 1.41.

How has PENN stock performed recently?

PENN Entertainment Inc [PENN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.99. With this latest performance, PENN shares gained by 41.17% in over the last four-week period, additionally plugging by 4.21% over the last 6 months – not to mention a drop of -25.70% 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 65.02, with the RSI for the last a single of trading hit 66.72, and the three-weeks RSI is set at 62.30 for PENN Entertainment Inc [PENN]. The present Moving Average for the last 50 days of trading for this stock 22.28, while it was recorded at 25.96 for the last single week of trading, and 25.45 for the last 200 days.

PENN Entertainment Inc [PENN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and PENN Entertainment Inc [PENN] shares currently have an operating margin of +17.07 and a Gross Margin at +34.41. PENN Entertainment Inc’s Net Margin is presently recorded at +3.47.

Return on Total Capital for PENN is now 6.79, given the latest momentum, and Return on Invested Capital for the company is 1.41. Return on Equity for this stock inclined to 5.77, with Return on Assets sitting at 1.12. When it comes to the capital structure of this company, PENN Entertainment Inc [PENN] has a Total Debt to Total Equity ratio set at 358.81. Additionally, PENN Total Debt to Total Capital is recorded at 78.20, with Total Debt to Total Assets ending up at 63.53. Long-Term Debt to Equity for the company is recorded at 351.98, with the Long-Term Debt to Total Capital now at 76.30.

Reflecting on the efficiency of the workforce at the company, PENN Entertainment Inc [PENN] managed to generate an average of $10,153 per employee. Receivables Turnover for the company is 29.01 with a Total Asset Turnover recorded at a value of 0.32.PENN Entertainment Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.41 and a Current Ratio set at 1.42.

Earnings analysis for PENN Entertainment Inc [PENN]

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 Entertainment Inc go to 10.40%.

Insider trade positions for PENN Entertainment Inc [PENN]

The top three institutional holders of PENN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in PENN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in PENN stock with ownership which is approximately 5.7994%.