Rosenblatt Securities analyst Bernie McTernan maintained a Buy rating on Penn National Gaming (PENN) today. The company’s shares closed last Wednesday at $56.59.
According to TipRanks.com, McTernan is a 4-star analyst with an average return of 19.9% and a 51.9% success rate. McTernan covers the Services sector, focusing on stocks such as Charter Communications, Peloton Interactive, and World Wrestling.
Currently, the analyst consensus on Penn National Gaming is a Moderate Buy with an average price target of $75.67, representing a 36.8% upside. In a report issued on October 20, Merrill Lynch also reiterated a Buy rating on the stock with a $85.00 price target.
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The company has a one-year high of $76.62 and a one-year low of $3.75. Currently, Penn National Gaming has an average volume of 8.83M.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PENN in relation to earlier this year. Most recently, in August 2020, Saul Reibstein, a Director at PENN sold 36,000 shares for a total of $1,786,570.
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, West and Midwest.. The Northeast segment consists of the following properties: Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, and Plain ridge Park Casino. The South and West segment comprises of the following properties: Zia Park Casino, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, M Resort, Tropicana Las Vegas, 1st Jackpot and Resorts. The Midwest segment controls the following properties: Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Argosy Casino Riverside, Hollywood Casino Lawrenceburg, Hollywood Casino St. Louis, and Prairie State Gaming. The company was founded in 1982 and is headquartered in Wyomissing, PA.
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