In a report issued on August 14, Steven Wieczynski from Stifel Nicolaus reiterated a Hold rating on Pinnacle Entertainment (NASDAQ: PNK), with a price target of $35. The company’s shares opened today at $32.88, close to its 52-week high of $35.18.
According to TipRanks.com, Wieczynski is a top 100 analyst with an average return of 20.8% and a 72.4% success rate. Wieczynski covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Penn National Gaming, and Red Rock Resorts Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinnacle Entertainment with a $35.50 average price target, representing a 8.0% upside. In a report issued on August 5, Deutsche Bank also maintained a Hold rating on the stock with a $36 price target.
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Pinnacle Entertainment’s market cap is currently $1.93B and has a P/E ratio of 25.44. The company has a Price to Book ratio of -6.66.
Based on the recent corporate insider activity of 65 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 PNK in relation to earlier this year.
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Pinnacle Entertainment, Inc. owns, operates, and develops the casinos, related hospitality and entertainment facilities. It also provides games, restaurants, hotel accommodations, entertainment and other amenities with guest service and guest rewards programs. It operates through the following segments: Midwest, South, and West.
