On Monday, shares of Penn National Gaming, Inc. (NASDAQ:PENN) marked $64.83 per share versus a previous $70.91 closing price. With having a -8.57% loss, an insight into the fundamental values of Penn National Gaming, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. PENN showed a rise of 153.66% within its YTD performance, with highs and lows between $3.75 – $76.62 during the period of 52 weeks, compared to the simple moving average of 86.87% in the period of the last 200 days.
Rosenblatt equity researchers changed the status of Penn National Gaming, Inc. (NASDAQ: PENN) shares to a “Buy” rating in the report published on September 30th, 2020. Other analysts, including Macquarie, also published their reports on PENN shares. Macquarie repeated the rating from the previous report, marking PENN under “Neutral” rating, in the report published on September 24th, 2020. Additionally, PENN shares got another “Buy” rating from Stifel, setting a target price of $85 on the company’s shares, according to the report published in September 17th, 2020. On September 10th, 2020, Rosenblatt Initiated an Buy rating and increased its price target to $80. On the other hand, Craig Hallum Initiated the “Buy” rating for PENN shares, as published in the report on September 1st, 2020. Morgan Stanley seems to be going bullish on the price of PENN shares, based on the price prediction for PENN, indicating that the shares will jump to $55, giving the shares “Equal-Weight” rating based on their report from August 28th, 2020. Another “Buy” rating came from Goldman, providing a prediction for $55 price target according to the report published in August 13th, 2020.
[bold-text]Penn National Gaming, Inc. (PENN) Analysis[/bold-text]
The present dividend yield for PENN owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Penn National Gaming, Inc., the company needs to provide a healthy cash flow, currently at the value of 56.75. In addition, the growth of sales from quarter to quarter is recording -76.90%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Penn National Gaming, Inc. (PENN) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -53.40% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 2.00 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while PENN is currently recording an average of 9.22M in volumes. The volatility of the stock on monthly basis is set at 7.04%, while the weekly volatility levels are marked at 6.90%with -0.13% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $74.14, indicating growth from the present price of $64.83, which can represent yet another valuable research and analysis points that can help you decide whether to invest in PENN or pass.
[bold-text]What to Look for When Analyzing Penn National Gaming, Inc. Shares?[/bold-text]
Penn National Gaming, Inc. (PENN) is based in the USA and it represents one of the well-known company operating with Consumer Cyclical sector. If you wish to compare PENN shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Penn National Gaming, Inc., while the value 46.68 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -7.37 is supported by the yearly EPS growth of -60.00%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.40%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 81.10% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in PENN Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in PENN in the recent period. That is how Fidelity Management & Research Co now has an increase position in PENN by 69.45% in the first quarter, owning 17.36 million shares of PENN stocks, with the value of $1.26 billion after the purchase of an additional 7,116,806 shares during the last quarter. In the meanwhile, BlackRock Fund Advisors also increased their stake in PENN shares changed 19.54% in the first quarter, which means that the company now owns 13.61 million shares of company, all valued at $989.35 million after the acquisition of additional 2,224,199 shares during the last quarter.
BAMCO, Inc. acquired a new position in Penn National Gaming, Inc. during the first quarter, with the value of $882.74 million, and The Vanguard Group, Inc. increased their stake in the company’s shares by 15.05% in the first quarter, now owning 1,537,967 shares valued at $854.62 million after the acquisition of the additional 11.76 million shares during the last quarter. In the end, SSgA Funds Management, Inc. increased their position by 151.77% during the first quarter, now owning 4.12 million PENN shares, now holding the value of $299.68 million in PENN with the purchase of the additional 663,314 shares during the period of the last quarter. At the present, 81.10% of PENN shares are in the ownership of institutional investors.