JPMorgan Chase & Co. Reiterates Hold Rating for Boyd Gaming (BYD)
Boyd Gaming (NYSE:BYD)‘s stock had its “hold” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. They currently have a $9.00 target price on the stock, down from their previous target price of $10.00. JPMorgan Chase & Co.’s price objective indicates a potential downside of 7.69% from the company’s current price.
Boyd Gaming (NYSE:BYD) opened at 9.75 on Friday. Boyd Gaming has a one year low of $9.11 and a one year high of $14.75. The stock has a 50-day moving average of $11.52 and a 200-day moving average of $11.52. The company’s market cap is $1.057 billion.
Boyd Gaming (NYSE:BYD) last announced its 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.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Brean Capital reiterated a “hold” rating on shares of Boyd Gaming in a research note on Friday. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Boyd Gaming in a research note on Friday. They now have a $9.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. Boyd Gaming currently has a consensus rating of “Hold” and a consensus target price of $10.52.
Boyd Gaming Corporation (NYSE:BYD), incorporated in June 1988, is a multi-jurisdictional gaming company.
Receive News & Ratings for Boyd Gaming Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming Co and related companies with Analyst Ratings Network's FREE daily email newsletter.