In a report issued on June 19, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Penn National Gaming (NASDAQ: PENN), with a price target of $37. The company’s shares closed yesterday at $33.85, close to its 52-week high of $36.29.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 15.3% and a 74.8% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Red Rock Resorts Inc.
Penn National Gaming has an analyst consensus of Moderate Buy, with a price target consensus of $36.
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Based on Penn National Gaming’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $45.44 million. In comparison, last year the company had a net profit of $5.1 million.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Peter Carlino, a Director at PENN sold 84,123 shares for a total of $2,846,722.
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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.
