In a report issued on February 7, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Penn National Gaming (PENN), with a price target of $29. The company’s shares closed on Friday at $25.05.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 9.0% and a 63.1% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Red Rock Resorts Inc, and Eldorado Resorts.
Currently, the analyst consensus on Penn National Gaming is a Moderate Buy with an average price target of $26.25.
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Based on Penn National Gaming’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $42.03 million. In comparison, last year the company had a GAAP net loss of $309 million.
Based on the recent corporate insider activity of 61 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.
