17 analysts have shared their evaluations of PENN Entertainment (NASDAQ:PENN) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 5 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 1 | 0 | 0 |
| 3M Ago | 5 | 2 | 2 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $24.62, along with a high estimate of $32.00 and a low estimate of $17.50. Experiencing a 5.53% decline, the current average is now lower than the previous average price target of $26.06.
Analyzing Analyst Ratings: A Detailed Breakdown
A clear picture of PENN Entertainment's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Dara Mohsenian | Morgan Stanley | Raises | Equal-Weight | $21.00 | $20.00 |
| Joseph Moore | Susquehanna | Maintains | Positive | $26.00 | $26.00 |
| Ryan Sigdahl | Craig-Hallum | Raises | Buy | $30.00 | $20.00 |
| Barry Jonas | Truist Securities | Raises | Buy | $25.00 | $23.00 |
| Joseph Moore | Susquehanna | Lowers | Positive | $26.00 | $27.00 |
| RJ Milligan | Raymond James | Announces | Outperform | $20.00 | - |
| Bernie McTernan | Needham | Maintains | Buy | $26.00 | $26.00 |
| Shaun Kelley | B of A Securities | Lowers | Neutral | $17.50 | $28.00 |
| Daniel Politzer | Wells Fargo | Lowers | Equal-Weight | $18.00 | $21.00 |
| Ryan Sigdahl | Craig-Hallum | Lowers | Hold | $20.00 | $25.00 |
| Brandt Montour | Barclays | Lowers | Overweight | $22.00 | $26.00 |
| Ben Chaiken | Mizuho | Raises | Buy | $32.00 | $29.00 |
| Bernie McTernan | Needham | Lowers | Buy | $26.00 | $32.00 |
| Bernie McTernan | Needham | Maintains | Buy | $32.00 | $32.00 |
| Jason Tilchen | Canaccord Genuity | Lowers | Buy | $28.00 | $32.00 |
| Barry Jonas | Truist Securities | Maintains | Buy | $23.00 | $23.00 |
| Felicia Hendrix | Barclays | Lowers | Overweight | $26.00 | $27.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to PENN Entertainment. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of PENN Entertainment compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of PENN Entertainment's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of PENN Entertainment's market position. Stay informed and make well-judged decisions with the assistance of 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.
PENN Entertainment's Economic Impact: An Analysis
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, PENN Entertainment faced challenges, resulting in a decline of approximately -3.97% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: PENN Entertainment's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -7.15%, the company may face hurdles in effective cost management.
Return on Equity (ROE): PENN Entertainment's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -3.66%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): PENN Entertainment's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.73%, 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 3.72, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.