Pinnacle Entertainment, Inc. (PNK) Stock Price Hits 52-Week High Today

May 17, 2018 - By Melody Miller

Pinnacle Entertainment, Inc. (NASDAQ:PNK) Logo

The stock of Pinnacle Entertainment, Inc. (NASDAQ:PNK) hit a new 52-week high and has $35.85 target or 4.00 % above today’s $34.47 share price. The 8 months bullish chart indicates low risk for the $2.00 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $35.85 price target is reached, the company will be worth $80.04M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.89% or $0.64 during the last trading session, reaching $34.47. About 235,100 shares traded. Pinnacle Entertainment, Inc. (NASDAQ:PNK) has risen 56.44% since May 17, 2017 and is uptrending. It has outperformed by 44.89% the S&P500.

Analysts await Pinnacle Entertainment, Inc. (NASDAQ:PNK) to report earnings on August, 9. They expect $0.34 earnings per share, up 126.67 % or $0.19 from last year’s $0.15 per share. PNK’s profit will be $19.74M for 25.35 P/E if the $0.34 EPS becomes a reality. After $0.35 actual earnings per share reported by Pinnacle Entertainment, Inc. for the previous quarter, Wall Street now forecasts -2.86 % negative EPS growth.

More news for Pinnacle Entertainment, Inc. (NASDAQ:PNK) were recently published by: Globenewswire.com, which released: “Pinnacle Entertainment Will Report 2018 First Quarter Financial Results” on April 20, 2018. Globenewswire.com‘s article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within NetScout, Entegris, Pinnacle Entertainment, First …” and published on May 03, 2018 is yet another important article.

Pinnacle Entertainment, Inc. owns, develops, and operates casinos and related hospitality and entertainment facilities in the United States. The company has market cap of $2.00 billion. It operates through Midwest, South, and West divisions. It has a 33.79 P/E ratio. As of February 28, 2018, the firm owned and operated 16 gaming entertainment businesses located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio, and Pennsylvania.

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

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