Trend Analysis Market Analysts see Penn National Gaming Inc. (PENN) falling...

Market Analysts see Penn National Gaming Inc. (PENN) falling to $23. Time to buy?

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Penn National Gaming Inc. (NASDAQ:PENN) stock went on an upward path that rose over 0.78% on Monday, amounting to a one-week price increase of more than 1.22%. Over the last 12 months, PENN stock rose by 6.72%. The one-year PENN stock forecast points to a potential downside of -0.06, with the average price target set at $27.92 per share. The average equity rating for PENN stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for PENN stock reached $3.14 billion, with 118.27 million shares outstanding and 108.29 million shares in the current float. Compared to the average trading volume of 1.45M shares, PENN reached a trading volume of 1140706 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Penn National Gaming Inc. (PENN)?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PENN shares is $28.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PENN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Penn National Gaming Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 01, 2019. While these analysts kept the previous recommendation, Susquehanna raised their target price to Positive. The new note on the price target was released on July 24, 2019, representing the official price target for Penn National Gaming Inc. stock. On May 09, 2019, analysts increased their price target for PENN shares from 25 to 27.

The Average True Range (ATR) for Penn National Gaming Inc. is set at 0.58, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 3.44. Price to Free Cash Flow for PENN in the course of the last twelve months was 5.68 with Quick ratio for the last quarter at 0.70.

How has PENN stock performed recently?

Penn National Gaming Inc. (PENN) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.22. With this latest performance, PENN shares gained by 9.40% in over the last four-week period, additionally plugging by 44.66% over the last 6 months – not to mention a rise of 6.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PENN stock in for the last two-week period is set at 64.66, with the RSI for the last a single of trading hit 63.17, and the three-weeks RSI is set at 65.26 for Penn National Gaming Inc. (PENN). The present Moving Average for the last 50 days of trading for this stock 23.90, while it was recorded at 26.60 for the last single week of trading, and 20.71 for the last 200 days.

Penn National Gaming Inc. (PENN): Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Penn National Gaming Inc. (PENN) shares currently have an operating margin of +20.68 and a Gross Margin at +35.42. Penn National Gaming Inc.’s Net Margin is presently recorded at +2.61.

Return on Total Capital for PENN is now 9.89, given the latest momentum, and Return on Invested Capital for the company is 1.26. Return on Equity for this stock inclined to 28.42, with Return on Assets sitting at 1.00. When it comes to the capital structure of this company, Penn National Gaming Inc. (PENN) has a Total Debt to Total Equity ratio set at 1,307.48. Additionally, PENN Total Debt to Total Capital is recorded at 92.90, with Total Debt to Total Assets ending up at 74.14. Long-Term Debt to Equity for the company is recorded at 1,289.71, with the Long-Term Debt to Total Capital now at 91.63.

Reflecting on the efficiency of the workforce at the company, Penn National Gaming Inc. (PENN) managed to generate an average of $3,632 per employee. Receivables Turnover for the company is 42.30 with a Total Asset Turnover recorded at a value of 0.38. Penn National Gaming Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.

Earnings analysis for Penn National Gaming Inc. (PENN)

With the latest financial reports released by the company, Penn National Gaming Inc. posted -0.37/share EPS, while the average EPS was predicted by analysts to be reported at -0.36/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PENN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Penn National Gaming Inc. go to 37.19%.

Insider trade positions for Penn National Gaming Inc. (PENN)

There are presently around $3,115 million, or 99.30% of PENN stock, in the hands of institutional investors. The top three institutional holders of PENN stocks are: BLACKROCK INC. with ownership of 13,721,632, which is approximately 9.822% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 10,165,009 shares of the stock with an approximate value of $267.59 million in PENN stocks shares; and BAMCO INC /NY/, currently with $261.08 million in PENN stock with ownership of nearly 15.975% of the company’s market capitalization.

116 institutional holders increased their position in Penn National Gaming Inc. (NASDAQ:PENN) by around 12,036,197 shares. Additionally, 110 investors decreased positions by around 14,140,632 shares, while 37 investors held positions by with 92,170,466 shares. The mentioned changes placed institutional holdings at 118,347,295 shares, according to the latest SEC report filing. PENN stock had 30 new institutional investments in for a total of 3,051,679 shares, while 31 institutional investors sold positions of 3,898,328 shares during the same period.

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