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