Pinnacle Entertainment, Now Covered by Craig Hallum (PNK) - InvestingChannel

Pinnacle Entertainment, Now Covered by Craig Hallum (PNK)

Equities researchers at Craig Hallum assumed coverage on shares of Pinnacle Entertainment, (NYSE: PNK)

Shares of Pinnacle Entertainment, opened at 14.76 on Tuesday. Pinnacle Entertainment, has a one year low of $8.89 and a one year high of $16.97. The stock?s 50-day moving average is currently $14.80. The company?s market cap is $861.7 million. Pinnacle Entertainment, last issued its quarterly earnings data on Wednesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.12. The company had revenue of $301.32 million for the quarter, compared to the consensus estimate of $307.40 million. During the same quarter last year, the company posted $0.26 earnings per share. Pinnacle Entertainment,?s revenue was up 9.4% compared to the same quarter last year. Analysts expect that Pinnacle Entertainment, will post $0.85 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at ISI Group upgraded shares of Pinnacle Entertainment, to a ?buy? rating in a research note to investors on Monday. Separately, analysts at Nomura initiated coverage on shares of Pinnacle Entertainment, in a research note to investors on Monday, March 4th. They set a ?buy? rating and a $18.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Pinnacle Entertainment, in a research note to investors on Monday, March 4th. They set a ?buy? rating and a $18.00 price target on the stock. Eight equities research analysts have rated the stock with a buy rating, eight have issued a hold rating, two have issued an underweight rating, and one has given a sell rating to the company. The stock presently has an average rating of ?overweight? and a consensus target price of $17.03. Pinnacle Entertainment, Inc. (Pinnacle) is an owner, operator and developer of casinos and related hospitality and entertainment facilities.