Deutsche Bank Lowers Boyd Gaming Corp. Price Target to $10.00 (BYD)
Investment analysts at Deutsche Bank cut their target price on shares of Boyd Gaming Corp. (NYSE:BYD) from $12.00 to $10.00 in a note issued to investors on Friday, AmericanBankingNews.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential downside of 5.21% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Boyd Gaming Corp. in a research note to investors on Wednesday, November 13th. They set a “market perform” rating and a $10.40 price target on the stock. Separately, analysts at Janney Montgomery Scott cut their price target on shares of Boyd Gaming Corp. from $14.00 to $9.00 in a research note to investors on Monday, November 4th. They now have a “neutral” rating on the stock. Finally, analysts at Imperial Capital cut their price target on shares of Boyd Gaming Corp. from $13.00 to $12.00 in a research note to investors on Monday, November 4th. They now have an “in-line” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Boyd Gaming Corp. currently has a consensus rating of “Hold” and an average target price of $11.59.
Boyd Gaming Corp. (NYSE:BYD) traded down 7.01% during mid-day trading on Friday, hitting $9.81. The stock had a trading volume of 5,254,728 shares. Boyd Gaming Corp. has a 1-year low of $6.27 and a 1-year high of $14.75. The stock’s 50-day moving average is $11.31 and its 200-day moving average is $11.99. The company’s market cap is $1.058 billion.
Boyd Gaming Corp. (NYSE:BYD) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.07. The company had revenue of $738.60 million for the quarter, compared to the consensus estimate of $758.10 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, analysts predict that Boyd Gaming Corp. will post $-0.24 earnings per share for the current fiscal year.
Boyd Gaming Corporation (NYSE:BYD), incorporated in June 1988, is a multi-jurisdictional gaming company.
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