{"id":176735,"date":"2021-06-17T11:35:00","date_gmt":"2021-06-17T18:35:00","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=176735"},"modified":"2021-06-17T15:16:26","modified_gmt":"2021-06-17T22:16:26","slug":"penn-national-stock-price-targets-vary-wildly-among-analysts","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/penn-national-stock-price-targets-vary-wildly-among-analysts\/","title":{"rendered":"Penn National Stock Forecasts Create Division Among Analysts"},"content":{"rendered":"

Sixteen analysts cover Penn National Gaming (NASDAQ:PENN) stock, and while there’s not an overt consensus on the regional casino operator, the sell-side leans bullish. But it’s price targets that are a source of dissent among analysts following the name.<\/p>\n

\"Penn
Bull and bear statues near Wall Street. Analysts are heavily divided on Penn National Gaming. (Image: MarketWatch<\/em>)<\/figcaption><\/figure>\n

Barron’s <\/b><\/i>recently screened S&P 500 stocks, of which Penn<\/a> is one, based on the gap between the highest and lowest price forecasts \u2013 the so-called bull\/bear spread. The news outlet turned up 24 stocks<\/a> with spreads of at least 86 percent, and the casino operator is on the list. In fact, it’s the only gaming equity in the group.<\/p>\n

While Penn stock is enduring its share of struggles — it’s off 37.57 percent over the past 90 days — inclusion on the list isn’t an indictment. Previous iterations of the list actually produced stellar returns.<\/strong><\/p>\n

“A year ago, buying controversy was a good idea. The 24 most controversial names in the S&P 500 as of June 2020, identified via Barron\u2019s<\/em> stock screen, have returned about 105% on average over the past 12 months. That is almost twice the average return of the typical S&P 500 stock. All 24 stocks are higher,\u201d according to the financial journal.<\/p>\n

Currently, the gap between the lowest and highest Penn price targets is 149 percent, ranking it fifth on Barron’s <\/i>list. Two of the names ahead of Penn — Tesla (NASDAQ:TSLA) and ViacomCBS (NASDAQ:VIAC) — fit the bill as controversial stocks.<\/p>\n

House Divided over Penn Stock<\/h2>\n

Off its March 2020 coronavirus pandemic lows through March 2021, Penn National wasn’t just one of the best-performing gaming equities. It was one of the stars among domestic stocks, running from just under $4 to a high of $142.<\/p>\n

\n

While the stock is still mostly liked by analysts<\/a>, it’s off 46.32 percent from its 52-week. Compounding that weakness is the fact that Penn is lower 5.56 percent over the past week, and hasn’t traded above its 50-day moving average in nearly three months. In other words, it’s not surprising analysts are divided on the name, and that they are.<\/p>\n<\/div>\n

\u201cThe 14 analysts offering 12-month price forecasts for Penn National Gaming Inc have a median target of $114.00, with a high estimate of $151.00 and a low estimate of $31.00,\u201d according to CNN Businesses<\/i>.<\/p>\n

From current levels, Penn stock would need to almost double to hit $151, and gain 50 percent to reach the median forecast of $114.<\/p>\n

Daring Analysts Get Vindication<\/h2>\n

During its meteoric rise, there was a point at which Penn stock had a larger<\/a> market capitalization than rival MGM Resorts International (NYSE:MGM). And during that ascent, analysts received public lambasting if they waxed bearish on the name.<\/p>\n

That happened last June when Barstool Sports<\/i> founder David Portnoy issued a viral, expletive-laden rant<\/a> bashing Deutsche Bank analyst Carlo Santarelli for issuing a \u201csell\u201d rating on Penn. The gaming company owns 36 percent of Barstool<\/i>.<\/p>\n

Last October, Santarelli lifted his price target on Penn to $31 from $22.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sixteen analysts cover Penn National Gaming (NASDAQ:PENN) stock, and while there’s not an overt consensus on the regional casino operator, the sell-side leans bullish. But it’s price targets that are a source of dissent among analysts following the name. Barron’s recently screened S&P 500 stocks, of which Penn is one, based on the gap between […]<\/p>\n","protected":false},"author":46,"featured_media":176736,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nPenn National Stock Price Targets Vary Wildly Among Analysts<\/title>\n<meta name=\"description\" content=\"The range of analyst price targets on Penn National stock is among the widest for all S&P 500 members.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penn National Stock Price Targets Vary Wildly Among Analysts\" \/>\n<meta property=\"og:description\" content=\"The range of analyst price targets on Penn National stock is among the widest for all S&P 500 members.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/penn-national-stock-price-targets-vary-wildly-among-analysts\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-17T18:35:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-17T22:16:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/Bull.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-stock-price-targets-vary-wildly-among-analysts\/\",\"url\":\"https:\/\/www.casino.org\/news\/penn-national-stock-price-targets-vary-wildly-among-analysts\/\",\"name\":\"Penn National Stock Price Targets Vary Wildly Among Analysts\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-stock-price-targets-vary-wildly-among-analysts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-stock-price-targets-vary-wildly-among-analysts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/Bull.jpg\",\"datePublished\":\"2021-06-17T18:35:00+00:00\",\"dateModified\":\"2021-06-17T22:16:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"The range of analyst price targets on Penn National stock is among the widest for all S&P 500 members.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-stock-price-targets-vary-wildly-among-analysts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/penn-national-stock-price-targets-vary-wildly-among-analysts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/penn-national-stock-price-targets-vary-wildly-among-analysts\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/Bull.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/Bull.jpg\",\"width\":1320,\"height\":742,\"caption\":\"Bull and bear statues near Wall Street. 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