Boyd Gaming Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:BYD)
Shares of Boyd Gaming (NYSE:BYD) have earned a consensus rating of “Hold” from the seventeen analysts that are currently covering the stock, Analyst Ratings News reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $10.52.
Shares of Boyd Gaming (NYSE:BYD) opened at 10.65 on Thursday. Boyd Gaming has a 1-year low of $9.11 and a 1-year high of $14.75. The stock has a 50-day moving average of $10.59 and a 200-day moving average of $11.52. The company’s market cap is $1.154 billion.
Boyd Gaming (NYSE:BYD) last issued its quarterly 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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