Penn National Gaming, Inc (NASDAQ:PENN) has been downgraded to Sell in a statement by Zacks Investment Research today.
- Updated: October 6, 2016
Zacks Investment Research has downgraded Penn National Gaming, Inc (NASDAQ:PENN) to Sell in a report released on 10/07/2016.
Boasting a price of $13.99, Penn National Gaming, Inc (NASDAQ:PENN) traded 1.82% higher on the day. With the last stock price down -5.89% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PENN has recorded a 50-day average of $13.83 and a two hundred day average of $14.86. Trade Volume was down over the average, with 1,274,254 shares of PENN changing hands under the typical 1,277,370
With a total market value of $0, Penn National Gaming, Inc has price-earnings ratio of 23.75 with a 52 week low of $12.50 and a 52 week high of $19.05 .
In addition to Zacks Investment Research reporting its stock price target, a total of 11 brokers have issued a research note on the company. The average stock price target is $20.18 with 2 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Penn National Gaming, Inc (NASDAQ:PENN)
Penn National Gaming, Inc. (Penn) is an owner and manager of gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. The Company's segments include the East/Midwest, the West and the Southern Plains segment. East/Midwest segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway and Plainridge Park Casino. The West segment consists of properties, which include Zia Park Casino, M Resort, Tropicana Las Vegas and Hollywood Casino Jamul-San Diego project. The Southern Plains segment consists of various properties, including Hollywood Casino Aurora, Argosy Casino Alton, Argosy Casino Riverside, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, Hollywood Casino St. Louis and Prairie State Gaming.
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