Deutsche Bank analyst Carlo Santarelli maintained a Buy rating on Penn National Gaming (PENN) on May 31 and set a price target of $29. The company’s shares closed yesterday at $18.80, close to its 52-week low of $17.30.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 8.5% and a 58.0% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Red Rock Resorts Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Penn National Gaming with a $29.80 average price target.
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Penn National Gaming’s market cap is currently $2.2B and has a P/E ratio of 20.37. The company has a Price to Book ratio of 1.18.
Based on the recent corporate insider activity of 62 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 business segments: Northeast; South and West; Midwest; and Other.
