What Will The Effects of a Susquehanna Downgrade Be For Pinnacle Entertainment (NYSE:PNK) Shares?

December 20, 2017 - By Stephen Andrade

 What Will The Effects of a Susquehanna Downgrade Be For Pinnacle Entertainment (NYSE:PNK) Shares?

Pinnacle Entertainment (NYSE:PNK) Receives a Downgrade

Susquehanna downgraded the rating for shares of Pinnacle Entertainment (NYSE:PNK) to aNeutral from a Positive. This rating change was issued to clients in an analyst note earlier today.

Pinnacle Entertainment, Inc. (NASDAQ:PNK) Ratings Coverage

Among 10 analysts covering Pinnacle Finl (NYSE:PNK), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Pinnacle Finl has $42 highest and $16 lowest target. $28’s average target is -12.25% below currents $31.91 stock price. Pinnacle Finl had 25 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was upgraded by Susquehanna to “Positive” on Friday, December 4. Telsey Advisory Group maintained Pinnacle Entertainment, Inc. (NASDAQ:PNK) rating on Friday, November 11. Telsey Advisory Group has “Outperform” rating and $20 target. The firm has “Buy” rating by Bank of America given on Monday, August 22. The stock has “Hold” rating by SunTrust on Tuesday, October 24. The firm has “Outperform” rating by Telsey Advisory Group given on Wednesday, May 11. The firm has “Neutral” rating by Susquehanna given on Tuesday, December 19. The stock of Pinnacle Entertainment, Inc. (NASDAQ:PNK) has “Hold” rating given on Friday, February 10 by SunTrust. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, November 8. Deutsche Bank maintained the shares of PNK in report on Wednesday, November 8 with “Hold” rating. Suntrust Robinson initiated Pinnacle Entertainment, Inc. (NASDAQ:PNK) rating on Friday, February 10. Suntrust Robinson has “Hold” rating and $17 target.

The stock increased 2.31% or $0.72 during the last trading session, reaching $31.91. About 2.87 million shares traded or 309.85% up from the average. Pinnacle Entertainment, Inc. (NYSE:PNK) has risen 84.57% since December 20, 2016 and is uptrending. It has outperformed by 67.87% the S&P500.

Analysts await Pinnacle Entertainment, Inc. (NASDAQ:PNK) to report earnings on February, 28. They expect $0.15 EPS, up 50.00 % or $0.05 from last year’s $0.1 per share. PNK’s profit will be $8.62M for 53.18 P/E if the $0.15 EPS becomes a reality. After $0.23 actual EPS reported by Pinnacle Entertainment, Inc. for the previous quarter, Wall Street now forecasts -34.78 % negative EPS growth.

Pinnacle Entertainment, Inc. engages in ownership, operation, and development of casinos and related hospitality and entertainment businesses. The company has market cap of $1.83 billion. It operates through Midwest, South, and West divisions. It has a 60.67 P/E ratio. The firm owns and operates 16 gaming businesses located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio, and Pennsylvania.

More notable recent Pinnacle Entertainment, Inc. (NASDAQ:PNK) news were published by: Wsj.com which released: “Penn National Gaming’s Bid to Buy Pinnacle Entertainment Advances” on November 30, 2017, also Marketwatch.com with their article: “Penn National Gaming to buy Pinnacle Entertainment in a $2.8 billion deal” published on December 18, 2017, Businesswire.com published: “PINNACLE ENTERTAINMENT, INC. SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces …” on December 18, 2017. More interesting news about Pinnacle Entertainment, Inc. (NASDAQ:PNK) were released by: Businesswire.com and their article: “PINNACLE ENTERTAINMENT, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie …” published on December 19, 2017 as well as Pennlive.com‘s news article titled: “Penn National Gaming strikes $2.8B deal to buy competitor” with publication date: December 18, 2017.

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