Merrill Lynch analyst Shaun Kelley maintained a Hold rating on Penn National Gaming (NASDAQ: PENN) yesterday and set a price target of $31. The company’s shares closed yesterday at $28.51.
According to TipRanks.com, Kelley is a 4-star analyst with an average return of 9.8% and a 58.0% success rate. Kelley covers the Services sector, focusing on stocks such as Las Vegas Sands, Wynn Resorts, and Boyd Gaming.
Penn National Gaming has an analyst consensus of Strong Buy, with a price target consensus of $37.
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Based on Penn National Gaming’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $53.99 million. In comparison, last year the company had a net profit of $789 million.
Based on the recent corporate insider activity of 55 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.
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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.
