Penn National Gaming (NASDAQ:PENN): Equal-Weight Rating was Kept by Researchers at Morgan Stanley; with Target of $36.

June 27, 2018 - By Don Salinas

Penn National Gaming, Inc. (NASDAQ:PENN) Corporate Logo

Big Money Sentiment increased to 1.34 in Q1 2018. It has change of 0.30, from 2017Q4’s 1.04. The ratio improved due to Penn National Gaming, Inc. positioning: 23 sold and 68 reduced. 52 funds acquired positions and 70 increased positions. Investors holded 84.87 million in 2017Q4 but now own 84.43 million shares or 0.51% less.

Vantage Investment Llc invested in 67 shs. Bluemar Ltd Liability has invested 0.85% in Penn National Gaming, Inc. (NASDAQ:PENN). Stifel Fincl accumulated 0.01% or 84,551 shs. Paloma Prtnrs Management holds 31,364 shs. Bnp Paribas Arbitrage holds 0% of its capital in Penn National Gaming, Inc. (NASDAQ:PENN) for 30,834 shs. Arizona State Retirement Systems invested in 133,059 shs or 0.04% of the stock. Price T Rowe Associate Md, Maryland-based fund reported 61,793 shs. 267 are owned by Parkside Bankshares. Comml Bank Of Montreal Can holds 0% of its capital in Penn National Gaming, Inc. (NASDAQ:PENN) for 80,328 shs. Pub Employees Retirement System Of Ohio invested in 0.01% or 82,617 shs. Putnam Invs Limited Liability, Massachusetts-based fund reported 435,455 shs. Canada Pension Plan Inv Board stated it has 0.02% in Penn National Gaming, Inc. (NASDAQ:PENN). Moreover, Massmutual Tru Fsb Adv has 0% invested in Penn National Gaming, Inc. (NASDAQ:PENN). Orrstown holds 0.01% of its capital in Penn National Gaming, Inc. (NASDAQ:PENN) for 200 shs. Rhumbline Advisers invested in 0.01% or 203,023 shs.

Penn National Gaming, Inc. registered $9.84 million net activity with 3 buys and 5 sales since February 9, 2018. On Thursday, April 26 WILMOTT TIMOTHY J had sold 84,084 shs worth $2.55M. Snowden Jay A also bought $274,349 worth of Penn National Gaming, Inc. (NASDAQ:PENN) shs. CARLINO PETER M sold $2.85M worth of stock. Sottosanti Carl had sold 16,653 shs worth $567,701.

Reiterated Penn National Gaming (NASDAQ:PENN) Rating.

Morgan Stanley’s Analysts have $36 target which gives upside potential of 3.42 % on Penn National Gaming (NASDAQ:PENN). analysts report of the firm was shown on 26 June.

Penn National Gaming, Inc. (NASDAQ:PENN) Ratings Coverage

In total 7 analysts cover Penn National Gaming (NASDAQ:PENN). “Buy” rating has 5, “Sell” are 0, while 2 are “Hold”. 71% are bullish. 14 are the (NASDAQ:PENN)’s analyst reports since January 19, 2018 according to StockzIntelligence Inc. On Tuesday, June 26 the firm has “Equal-Weight” rating given by Morgan Stanley. On Monday, January 22 Deutsche Bank maintained the shares of PENN in report with “Buy” rating. In Tuesday, April 24 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Thursday, April 26 the stock of Penn National Gaming, Inc. (NASDAQ:PENN) earned “Buy” rating by Deutsche Bank. On Monday, April 30 the stock of Penn National Gaming, Inc. (NASDAQ:PENN) has “Equal-Weight” rating given by Morgan Stanley. On Tuesday, February 6 the company was maintained by Susquehanna. On Friday, February 9 the firm has “Equal-Weight” rating by Morgan Stanley given. On Friday, February 9 Jefferies maintained Penn National Gaming, Inc. (NASDAQ:PENN) with “Buy” rating. On Thursday, May 24 the firm earned “Neutral” rating by Nomura. On Friday, February 9 the rating was maintained by Deutsche Bank with “Buy”.

The stock increased 2.15% or $0.7325 during the last trading session, reaching $34.8125.Penn National Gaming, Inc. has volume of 290,104 shares. Since June 27, 2017 PENN has risen 73.85% and is uptrending. PENN outperformed the S&P 500 by 61.28%.

Earnings report for Penn National Gaming, Inc. (NASDAQ:PENN) is awaited on July, 26., as reported by Faxor. Last year’s EPS was $0.18, while now analysts expect change of 172.22 % up from current $0.49 EPS. If $0.49 is reported, PENN’s profit will reach $44.80M for 17.76 P/E. Last quarter $0.48 EPS was reported. Analysts forecasts 2.08 % EPS growth this quarter.

Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment.The company has $3.18 billion market cap. The firm operates through Northeast, South/West, and Midwest divisions.The P/E ratio is 6.38. As of December 31, 2017, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada.

For more Penn National Gaming, Inc. (NASDAQ:PENN) news announced recently go to: Fool.com, Streetinsider.com, Investorplace.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Boyd Gaming Is About to Go on a Shopping Spree” announced on June 25, 2018, “Penn National Gaming (PENN) PT Raised to $36 at Morgan Stanley” on June 26, 2018, “3 Casino Stocks to Buy Now” with a publish date: June 22, 2018, “Sports betting by the numbers” and the last “Penn National Gamingto acquire operations of Margaritaville Resort Casino for ~$115M” with publication date: June 19, 2018.

Penn National Gaming, Inc. (NASDAQ:PENN) Institutional Investors Chart

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