Barclays Sticks to Its Buy Rating for PENN Entertainment (PENN)

In a report released today, Brandt Montour from Barclays maintained a Buy rating on PENN Entertainment, with a price target of $23.00.

Claim 30% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

According to TipRanks, Montour is a 4-star analyst with an average return of 6.5% and a 52.67% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as Norwegian Cruise Line, DraftKings, and Vail Resorts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PENN Entertainment with a $19.08 average price target.

Based on PENN Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.81 billion and a GAAP net loss of $73 million. In comparison, last year the company earned a revenue of $1.67 billion and had a GAAP net loss of $133.3 million

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PENN in relation to earlier this year. Last month, Jane Scaccetti, a Director at PENN bought 8,000.00 shares for a total of $120,720.00.