Boyd Gaming Corp. Rating Reiterated by Sterne Agee (BYD)
Boyd Gaming Corp. (NYSE:BYD)‘s stock had its “hold” rating reiterated by investment analysts at Sterne Agee in a note issued to investors on Monday, Analyst Ratings Network reports. They currently have a $12.25 price objective on the stock. Sterne Agee’s price objective suggests a potential downside of 14.04% from the stock’s previous close.
Shares of Boyd Gaming Corp. (NYSE:BYD) opened at 14.25 on Monday. Boyd Gaming Corp. has a 1-year low of $4.75 and a 1-year high of $14.50. The stock’s 50-day moving average is $12.30 and its 200-day moving average is $11.12. The company’s market cap is $1.536 billion.
Boyd Gaming Corp. (NYSE:BYD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $738.70 million for the quarter, compared to the consensus estimate of $742.19 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 20.3% on a year-over-year basis. On average, analysts predict that Boyd Gaming Corp. will post $-0.03 earnings per share for the current fiscal year.
BYD has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Boyd Gaming Corp. (NYSE:BYD) from $15.00 to $18.00 in a research note to investors on Sunday. They now have an “outperform” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Boyd Gaming Corp. (NYSE:BYD) from $11.00 to $12.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Boyd Gaming Corp. (NYSE:BYD) from $12.00 to $14.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock.
One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.66.
Boyd Gaming Corporation (NYSE:BYD), incorporated in June 1988, is a multi-jurisdictional gaming company.
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