Share on StockTwits

Morgan Stanley decreased their price target on shares of Boyd Gaming (NYSE:BYD) to $12.00 in a research note issued on Friday. Morgan Stanley’s price objective would suggest a potential upside of 23.08% from the company’s current price.

Boyd Gaming (NYSE:BYD) traded down 11.36% on Friday, hitting $9.75. 5,369,188 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 $11.52 and a 200-day moving average of $11.51. The company’s market cap is $1.057 billion.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.03. The company had revenue of $722.50 million for the quarter, compared to the consensus estimate of $732.43 million. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts predict that Boyd Gaming will post $0.07 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Boyd Gaming from $10.00 to $9.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Boyd Gaming in a research note on Friday. They now have a $9.00 price target on the stock, down previously from $11.00. Finally, analysts at Brean Capital reiterated a “hold” rating on shares of Boyd Gaming in a research note on Friday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.64.

Boyd Gaming Corporation (NYSE:BYD), incorporated in June 1988, is a multi-jurisdictional gaming company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.