Boyd Gaming Corporation (NYSE:BYD)’s buoyancy has analysts taking notice

Posted by Ryan Mandell August 5, 2013 0 Comment 1008 views

In a research report that was released on Thursday, Janney Montgomery Scott’s equity researchers raised their price-target on Boyd Gaming Corporation (NYSE:BYD) shares from $12.00 to $14.00. This price objective suggests a 9.37% potential upside from the price that the company is at. Currently, the firm has a “neutral” rating in the BYD stock.

Other ratings

Numerous other analysts have also weighed-in on the company recently. Credit Suisse analysts raised their set price targets on BYD from $12.00 to $15.00. They have given the stock an “outperform” rating. Imperial Capital analysts have raised their price targets from $9.50 to $13.00 and have an “in-line” rating on BYD stock. Deutsche Bank analysts also raised their price-target on Boyd Gaming Corp shares from $10.00 to $12.00, last week and they have set a “hold” rating on the company’s stock.

A couple of other investment analysts have rated Boyd stock with a “sell” rating, 12 have issued a “hold” rating while 2 have issued a “buy” rating. The average rating in the stock is ‘hold” and the average analyst price target is $11.90.

The statistics

In Friday’s trading session, Boyd Gaming Corporation (NYSE:BYD) dropped 5.23%. The shares opened at $12.23, rose to an intraday high of $12.38 and closed at $12.13. Around 22.65M shares exchanged hands in Friday’s trading session and the average volume of shares sold over the past 30 days was 2.66M. The company has a market cap of $2.11B.

Boyd Gaming Corporation (NYSE:BYD) last released its earnings-data on 30 July and reported earnings per share of $0.00 for the quarter. The revenue for the quarter was $738.70M in comparison to the average analyst estimate of $742.19M. In the same quarter in the previous year, Boyd posted earnings per share of $0.04. On a y-o-y basis, the revenue for the quarter rose by 20.3%

About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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