Throughout the last three months, 12 analysts have evaluated PENN Entertainment PENN, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 3 | 2 | 2 | 0 | 0 |
Analysts have set 12-month price targets for PENN Entertainment, revealing an average target of $24.25, a high estimate of $30.00, and a low estimate of $19.00. Witnessing a positive shift, the current average has risen by 2.11% from the previous average price target of $23.75.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive PENN Entertainment. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Katz | Jefferies | Raises | Hold | $22.00 | $21.00 |
| Joseph Greff | JP Morgan | Raises | Overweight | $27.00 | $19.00 |
| Chad Beynon | Macquarie | Raises | Outperform | $27.00 | $26.00 |
| Bernie McTernan | Needham | Maintains | Buy | $26.00 | $26.00 |
| Joseph Stauff | Susquehanna | Lowers | Positive | $25.00 | $26.00 |
| Barry Jonas | Truist Securities | Lowers | Buy | $23.00 | $25.00 |
| Stephen Grambling | Morgan Stanley | Lowers | Equal-Weight | $19.00 | $20.00 |
| Ben Chaiken | Mizuho | Lowers | Outperform | $24.00 | $25.00 |
| Daniel Politzer | Wells Fargo | Raises | Equal-Weight | $20.00 | $18.00 |
| Brandt Montour | Barclays | Lowers | Overweight | $22.00 | $23.00 |
| Ryan Sigdahl | Craig-Hallum | Maintains | Buy | $30.00 | $30.00 |
| Bernie McTernan | Needham | Maintains | Buy | $26.00 | $26.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to PENN Entertainment. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of PENN Entertainment compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for PENN Entertainment's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of PENN Entertainment's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on PENN Entertainment analyst ratings.
All You Need to Know About PENN Entertainment
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands, including Hollywood Casino and Ameristar. Land-based casinos represented 89% of total sales in 2023; 11% was from the interactive segment, which includes sports, iGaming, and media revenue. The retail portfolio generates mid-30s EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch in November 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
Financial Insights: PENN Entertainment
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, PENN Entertainment showcased positive performance, achieving a revenue growth rate of 1.22% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -2.24%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -1.2%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): PENN Entertainment's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.24%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: PENN Entertainment's debt-to-equity ratio is below the industry average. With a ratio of 3.69, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
What Are Analyst Ratings?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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