Are Pinnacle Entertainment (NYSE:PNK) Shares Worth Your Time and Dime Following Recent Susquehanna Upgrade?


Pinnacle Entertainment (NYSE:PNK) Stock Upgrade

In a recent report sent to investors and clients on Friday, 4 December, Susquehanna increased shares of Pinnacle Entertainment (NYSE:PNK) to a solid “Positive” rating from their previous “Neutral” rating.

From a total of 10 analysts covering Pinnacle Finl (NYSE:PNK) stock, 1 rate it a ”Buy”, 2 a “Sell”, and 8 a ”Hold”. This means that 9% of the ratings are positive. The highest target price is $45 while the lowest target price is $25. The mean of all analyst targets is $36.6 with a 13.03% above today’s ($33.62) stock price. Pinnacle Finl was the topic of 4 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Telsey Advisory Group maintained shares on October 30 with “Market Perform” rating.

Approximately 38,683 shares of stock traded hands. Pinnacle Entertainment, Inc (NYSE:PNK) has declined 11.26% since May 1, 2015 and is downtrending. It has underperformed by 8.47% the S&P500.

Pinnacle Entertainment, Inc. is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The company has a market cap of $2.05 billion. The key properties in the Company’s Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. It has 29.32 P/E ratio. Charles, Belterra, River City and Belterra Park.

According to Zacks Investment Research, “Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. The Company also receives lease income from two card club casinos, both in the Los Angeles metropolitan area.” Get a free copy of the Zacks research report on Pinnacle Entertainment, Inc (PNK).