PENN Entertainment Inc. (NASDAQ: PENN) is -48.41% lower on its value in year-to-date trading and has touched a low of $26.46 and a high of $81.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PENN stock was last observed hovering at around $29.14 in the last trading session, with the day’s loss setting it -2.39% off its average median price target of $48.00 for the next 12 months. It is also 66.56% off the consensus price target high of $80.00 offered by 18 analysts, but current levels are 25.69% higher than the price target low of $36.00 for the same period.
Currently trading at $26.75, the stock is -15.27% and -19.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.73 million and changing -8.20% at the moment leaves the stock -30.92% off its SMA200. PENN registered -63.72% loss for a year compared to 6-month loss of -36.63%.
The stock witnessed a -19.21% gain in the last 1 month and extending the period to 3 months gives it a -6.17%, and is -13.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.00% over the week and 4.90% over the month.
PENN Entertainment Inc. (PENN) has around 21973 employees, a market worth around $4.27B and $6.28B in sales. Current P/E ratio is 22.98 and Fwd P/E is 12.64. Profit margin for the company is 3.30%. Distance from 52-week low is 1.10% and -67.24% from its 52-week high. The company has generated returns on investments over the last 12 months (8.40%).
PENN Entertainment Inc. (PENN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for PENN Entertainment Inc. (PENN) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 1 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 147.80% this year
PENN Entertainment Inc. (PENN) Top Institutional Holders
The shares outstanding are 164.80M, and float is at 157.50M with Short Float at 5.47%.
PENN Entertainment Inc. (PENN) Insider Activity
A total of 4 insider transactions have happened at PENN Entertainment Inc. (PENN) in the last six months, with sales accounting for 2 and purchases happening 2 times. The most recent transaction is an insider sale by Reibstein Saul, the company’s Director. SEC filings show that Reibstein Saul sold 5,086 shares of the company’s common stock on Aug 15 at a price of $38.03 per share for a total of $0.19 million. Following the sale, the insider now owns 34663.0 shares.
PENN Entertainment Inc. disclosed in a document filed with the SEC on Feb 17 that SCACCETTI JANE (Director) bought a total of 1,975 shares of the company’s common stock. The trade occurred on Feb 17 and was made at $49.70 per share for $98167.0. Following the transaction, the insider now directly holds 50569.0 shares of the PENN stock.
Still, SEC filings show that on Oct 04, Snowden Jay A (President and CEO) disposed off 148,387 shares at an average price of $77.23 for $11.46 million. The insider now directly holds 530,496 shares of PENN Entertainment Inc. (PENN).
PENN Entertainment Inc. (PENN): Who are the competitors?
The company’s main competitors (and peers) include Las Vegas Sands Corp. (LVS) that is trading -2.30% down over the past 12 months and DraftKings Inc. (DKNG) that is -70.40% lower over the same period. MGM Resorts International (MGM) is -28.85% down on the 1-year trading charts.