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Research analysts at FBR Capital Markets reduced their price target on shares of Boyd Gaming (NYSE:BYD) from $15.75 to $14.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target points to a potential upside of 43.59% from the stock’s previous close.

Shares of Boyd Gaming (NYSE:BYD) traded up 0.62% on Monday, hitting $9.81. 450,832 shares of the company’s stock traded hands. Boyd Gaming has a one year low of $9.11 and a one year high of $14.75. The stock’s 50-day moving average is $11.52 and its 200-day moving average is $11.52. The company’s market cap is $1.063 billion.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the 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 revenue for the quarter was down 2.2% on a year-over-year basis. Analysts expect that Boyd Gaming will post $0.07 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on BYD. Analysts at Morgan Stanley cut their price target on shares of Boyd Gaming to $12.00 in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. 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 $10.00. Finally, 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.52.

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

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