On Jun 27, 2018 Morgan Stanley Keeps Stock Equal-Weight Rating on Penn National Gaming (NASDAQ:PENN) and $36 Target.

June 27, 2018 - By Jeanette Garcia

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 increased due to Penn National Gaming, Inc. positioning: 23 sold and 68 reduced. 52 funds amassed holdings and 70 increased holdings. Investors holded 84.87 million in 2017Q4 but now own 84.43 million shares or 0.51% less.

Pdts Ptnrs Ltd Liability Com, a New York-based fund reported 125,092 shs. Massachusetts-based Acadian Asset Ltd Co has invested 0.04% in Penn National Gaming, Inc. (NASDAQ:PENN). Riggs Asset Managment owns 0.01% invested in Penn National Gaming, Inc. (NASDAQ:PENN) for 800 shs. Walleye Trading Ltd Liability Corporation holds 0.02% of its capital in Penn National Gaming, Inc. (NASDAQ:PENN) for 106,860 shs. Emerald Advisers Pa owns 9,050 shs. Mason Street Advsr Ltd Limited Liability Company owns 23,398 shs. Dupont Capital Mngmt has 11,296 shs. Stifel Financial invested in 0.01% or 84,551 shs. James Rech holds 23,005 shs. Gamco Incorporated Et Al accumulated 14,000 shs. Automobile Association holds 16,350 shs or 0% of its capital. Ls Investment Limited Liability Company invested in 3,909 shs or 0.01% of the stock. Retail Bank Of America De holds 0% or 720,088 shs in its capital. Highbridge Cap Mngmt Limited Liability Corp owns 153,793 shs or 0.07% of their US capital. Trexquant Invest Ltd Partnership owns 28,915 shs or 0.05% of their US capital.

Penn National Gaming, Inc. had 5 insider sales and 3 insider purchases since February 9, 2018. This’s net activity of $9.84 million. On Friday, June 1 CARLINO PETER M had sold 84,123 shs worth $2.85 million. On Monday, June 4 SCACCETTI JANE had bought 700 shs worth $23,793. Snowden Jay A bought $274,349 worth of Penn National Gaming, Inc. (NASDAQ:PENN) or 10,560 shs on Friday, March 2. 16,653 shs were sold by Sottosanti Carl, worth $567,701.

Reiterated Penn National Gaming (NASDAQ:PENN) Rating.

After Morgan Stanley’s $36 target was made public on Tuesday, 26 June, Penn National Gaming (NASDAQ:PENN) indicates 3.42 % upside potential.

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. In Tuesday, April 24 report Morgan Stanley maintained it with “Equal-Weight” rating and $29 target. On Thursday, April 26 the stock of Penn National Gaming, Inc. (NASDAQ:PENN) earned “Buy” rating by Deutsche Bank. On Thursday, April 26 SunTrust upgraded Penn National Gaming, Inc. (NASDAQ:PENN) to “Buy” rating. On Monday, April 30 the firm has “Equal-Weight” rating given by Morgan Stanley. On Tuesday, June 26 the stock of Penn National Gaming, Inc. (NASDAQ:PENN) has “Equal-Weight” rating given by Morgan Stanley. On Friday, February 9 Morgan Stanley maintained Penn National Gaming, Inc. (NASDAQ:PENN) with “Equal-Weight” rating. In Tuesday, February 6 report Susquehanna maintained the stock with “Buy” rating. On Monday, February 5 SunTrust maintained Penn National Gaming, Inc. (NASDAQ:PENN) rating. SunTrust has “Hold” rating and $36.0 target. On Monday, January 22 the company was maintained by Deutsche Bank. On Thursday, May 24 the company was maintained by Nomura.

PENN reached $34.8125 during the last trading session after $0.7325 change.Currently Penn National Gaming, Inc. is uptrending after 73.85% change in last June 27, 2017. PENN has 290,104 shares volume. The stock outperformed the S&P500 by 61.28%.

Earnings report for Penn National Gaming, Inc. (NASDAQ:PENN) is expected on July, 26., RTT reports. Analysts have anticipation on stock’s EPS of $0.49. That’s up 172.22 % from last year’s $0.18 EPS. PENN’s profit could hit $44.80 million with 17.76 P/E in case $0.49 EPS is published. After $0.48 EPS report previous quarter, Wall Street now predicts 2.08 % EPS growth of Penn National Gaming, Inc..

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.6.38 is the P/E ratio. 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 published recently go to: Fool.com, Seekingalpha.com, Seekingalpha.com, Benzinga.com or Investorplace.com. The titles are as follows: “Boyd Gaming Is About to Go on a Shopping Spree” published on June 25, 2018, “Sports betting by the numbers” on June 19, 2018, “Penn National Gamingto acquire operations of Margaritaville Resort Casino for ~$115M” with a publish date: June 19, 2018, “Analyst: Penn National, Caesars Entertainment Could Benefit Most From Sports Betting” and the last “3 Casino Stocks to Buy Now” with publication date: June 22, 2018.

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

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