Boyd Gaming Receives Average Recommendation of “Hold” from Analysts (NYSE:BYD)
Boyd Gaming (NYSE:BYD) has earned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, AnalystRatings.NET reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $10.52.
Shares of Boyd Gaming (NYSE:BYD) opened at 10.68 on Thursday. Boyd Gaming has a 52 week low of $9.11 and a 52 week high of $14.75. The stock’s 50-day moving average is $10.68 and its 200-day moving average is $11.52. The company’s market cap is $1.158 billion.
Boyd Gaming (NYSE:BYD) last released its earnings data 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. On average, analysts predict that Boyd Gaming will post $-0.04 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets cut their price target on shares of Boyd Gaming from $15.75 to $14.00 in a research note on Monday, August 4th. They now have an “outperform” rating on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Boyd Gaming to $12.00 in a research note on Friday, August 1st. Finally, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Boyd Gaming in a research note on Friday, August 1st. They now have a $9.00 price target on the stock, down previously from $10.00.
Boyd Gaming Corporation (NYSE:BYD), incorporated in June 1988, is a multi-jurisdictional gaming company.
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