Wall Street is positive on Penn National Gaming, Inc (PENN). On average, analysts give Penn National Gaming, Inc a Buy rating. The average price target is $100, which means analysts expect the stock to increase by 26.77% over the next twelve months.
That average ranking earns Penn National Gaming, Inc an Analyst Rating of 18, which is better than 18% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating PENN a Buy today. Find out what this means to you and get the rest of the rankings on PENN!
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Penn National Gaming, Inc Stock Today?
Penn National Gaming, Inc (PENN) stock is trading at $78.88 as of 11:35 AM on Friday, Oct 15, a gain of $3.05, or 4.05% from the previous closing price of $75.83. The stock has traded between $76.83 and $78.99 so far today. Volume today is less active than usual. So far 2,047,535 shares have traded compared to average volume of 4,564,327 shares.
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