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Barclays Thinks Penn National Gaming’s Stock is Going to Recover


Barclays analyst Felicia Hendrix maintained a Buy rating on Penn National Gaming (PENN) yesterday and set a price target of $36. The company’s shares closed yesterday at $21.69, close to its 52-week low of $21.40.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 3.7% and a 54.0% success rate. Hendrix covers the Services sector, focusing on stocks such as Carnival Corp, Choice Hotels, and Vail Resorts.

Currently, the analyst consensus on Penn National Gaming is a Moderate Buy with an average price target of $34.17, which is a 57.5% upside from current levels. In a report issued on November 2, SunTrust Robinson also maintained a Buy rating on the stock with a $32 price target.

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Based on Penn National Gaming’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $36.13 million. In comparison, last year the company had a net profit of $789 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PENN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Penn National Gaming, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following segments: Northeast; South and West; Midwest; and Other.