Boyd Gaming Receives Consensus Rating of “Hold” from Brokerages (NYSE:BYD)
Boyd Gaming (NYSE:BYD) has received a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, Analyst Ratings Network.com reports. Ten equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.54.
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of Boyd Gaming from $9.00 to $7.00 in a research note on Thursday, May 22nd. They now have an “equal weight” rating on the stock. Separately, analysts at Ascendiant Capital Markets initiated coverage on shares of Boyd Gaming in a research note on Tuesday, March 25th. They set a “hold” rating on the stock. Finally, analysts at Ascendiant Capital Markets reiterated a “hold” rating on shares of Boyd Gaming in a research note on Tuesday, March 25th.
Boyd Gaming (NYSE:BYD) traded down 1.08% during mid-day trading on Tuesday, hitting $10.98. 136,920 shares of the company’s stock traded hands. Boyd Gaming has a 52-week low of $9.11 and a 52-week high of $14.75. The stock has a 50-day moving average of $11.1 and a 200-day moving average of $11.45. The company’s market cap is $1.190 billion.
Boyd Gaming (NYSE:BYD) last released its earnings data on Wednesday, April 30th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.03. The company had revenue of $708.30 million for the quarter, compared to the consensus estimate of $713.28 million. On average, analysts predict that Boyd Gaming will post $0.08 earnings per share for the current fiscal year.
In other Boyd Gaming news, EVP Marianne Boyd Johnson unloaded 10,000 shares of Boyd Gaming stock on the open market in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $11.01, for a total value of $110,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Boyd Gaming Corporation (NYSE:BYD), incorporated in June 1988, is a multi-jurisdictional gaming company.
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