Boyd Gaming (NYSE:BYD) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat reports. The brokerage presently has a $42.00 target price on the stock. Bank of America’s price target points to a potential upside of 14.13% from the stock’s current price.
A number of other analysts have also recently commented on the stock. Zacks Investment Research raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday. Stifel Nicolaus reissued a “hold” rating on shares of Boyd Gaming in a research note on Thursday, December 21st. Nomura boosted their target price on shares of Boyd Gaming to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Deutsche Bank boosted their target price on shares of Boyd Gaming to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Finally, ValuEngine cut shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.80.
Boyd Gaming (NYSE:BYD) traded up $1.69 during mid-day trading on Friday, hitting $36.80. 2,264,482 shares of the stock were exchanged, compared to its average volume of 1,018,205. The stock has a market capitalization of $3,948.93, a PE ratio of 35.38 and a beta of 1.82. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 2.95. Boyd Gaming has a twelve month low of $19.19 and a twelve month high of $37.07.
A number of large investors have recently bought and sold shares of BYD. FMR LLC boosted its holdings in Boyd Gaming by 531.0% in the 2nd quarter. FMR LLC now owns 1,418,700 shares of the company’s stock valued at $35,199,000 after purchasing an additional 1,193,874 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Boyd Gaming by 34.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,566,570 shares of the company’s stock valued at $118,959,000 after purchasing an additional 1,181,986 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in Boyd Gaming in the 2nd quarter valued at about $26,973,000. Bamco Inc. NY boosted its holdings in Boyd Gaming by 94.8% in the 2nd quarter. Bamco Inc. NY now owns 1,384,937 shares of the company’s stock valued at $34,360,000 after purchasing an additional 674,100 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Boyd Gaming in the 3rd quarter valued at about $11,723,000. Institutional investors own 76.22% of the company’s stock.
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Boyd Gaming Company Profile
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
