Buckingham Research Initiates Coverage on Boyd Gaming (BYD)
Buckingham Research started coverage on shares of Boyd Gaming (NYSE:BYD) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating and a $10.00 price target on the stock. Buckingham Research’s target price points to a potential downside of 17.22% from the company’s current price.
Separately, 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.43.
Boyd Gaming (NYSE:BYD) opened at 12.08 on Friday. Boyd Gaming has a 1-year low of $9.11 and a 1-year high of $14.75. The stock’s 50-day moving average is $11.18 and its 200-day moving average is $11.52. The company’s market cap is $1.309 billion.
Boyd Gaming (NYSE:BYD) last released its earnings data on Wednesday, April 30th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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.
Boyd Gaming Corporation (NYSE:BYD), incorporated in June 1988, is a multi-jurisdictional gaming company.
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