Nomura analyst Harry Curtis maintained a Buy rating on Penn National Gaming (PENN) today and set a price target of $35.00. The company’s shares closed last Monday at $29.02, close to its 52-week high of $30.44.
According to TipRanks.com, Curtis is a 5-star analyst with an average return of 12.3% and a 66.4% success rate. Curtis covers the Services sector, focusing on stocks such as Melco Resorts & Entertainment, Hilton Worldwide Holdings, and Marriott International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Penn National Gaming with a $29.20 average price target, representing a 5.6% upside. In a report issued on January 21, Morgan Stanley also maintained a Buy rating on the stock with a $33.00 price target.
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Based on Penn National Gaming’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $43.9 million. In comparison, last year the company had a GAAP net loss of $42.03 million.
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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 business segments: Northeast; South and West; Midwest; and Other.
