JPMorgan Chase & Co. (JPM) Analysts Raise Price Target on Pinnacle Entertainment, Inc (PNK) to $20.00
Thursday, July 14, 2021 12:11 PM

Equities research analysts at JPMorgan Chase & Co. (NYSE: JPM) boosted their price target on shares of Pinnacle Entertainment, Inc (NYSE: PNK) to $20.00 in a research note to investors on Thursday.

Separately, analysts at Credit Suisse (NYSE: CS) upgraded shares of Pinnacle Entertainment, Inc from a "neutral" rating to an "outperform" rating in a research note to investors on Monday, May 23rd. They now have a $18.00 price target on the stock, up previously from $14.00. Also, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Pinnacle Entertainment, Inc in a research note to investors on Thursday, April 28th.

Shares of Pinnacle Entertainment, Inc traded down 1.12% during mid-day trading on Friday, hitting $15.07. Pinnacle Entertainment, Inc has a 52 week low of $8.59 and a 52 week high of $15.57. The stock's 50-day moving average is $14.11 and its 200-day moving average is $13.83. The company has a market cap of $933.1 million.

Pinnacle Entertainment, Inc last announced its quarterly results on Thursday, April 28th. The company reported $0.10 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.05 EPS by $0.05. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 9.60% on a year-over-year basis. On average, analysts predict that Pinnacle Entertainment, Inc will post $0.12 EPS next quarter.

Pinnacle Entertainment, Inc. (Pinnacle) is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The Company operates seven domestic casinos, including L’Auberge du Lac in Lake Charles, Louisiana; Lumiere Place; Boomtown New Orleans; Belterra Casino Resort; Boomtown Bossier City; Boomtown Reno and Casino Magic Argentina. On January 2, 2009, it closed the Casino at Emerald Bay in the Bahamas. In July 2010, Pinnacle Entertainment, Inc. completed the sale of its Argentina operations to a consortium of Argentine companies.

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