Equities researchers at JPMorgan Chase lifted their target price on shares of Boyd Gaming (NYSE: BYD) from $5.00 to $6.00 in a report issued on Monday. The firm currently has an “underweight” rating on the stock.
Boyd Gaming opened at 7.39 on Monday. Boyd Gaming has a 1-year low of $4.75 and a 1-year high of $8.52. The stock’s 50-day moving average is currently $6.81. The company’s market cap is $639.9 million.
Boyd Gaming last announced its earnings results on Monday, March 4th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.13) by $0.18. The company had revenue of $625.80 million for the quarter, compared to the consensus estimate of $635.37 million. During the same quarter last year, the company posted ($0.03) earnings per share. Boyd Gaming’s revenue was up 3.1% compared to the same quarter last year. Boyd Gaming has set its Q1 guidance at ($0.05)-(0.10) EPS. Analysts expect that Boyd Gaming will post $-0.11 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “sell” rating on shares of Boyd Gaming in a research note to investors on Monday. Finally, analysts at Zacks upgraded shares of Boyd Gaming from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 27th. They now have a $6.90 price target on the stock.
Two research analysts have rated the stock with a buy rating, ten have issued a hold rating, one has assigned an underweight rating, and three have issued a sell rating to the stock. Boyd Gaming currently has an average rating of “hold” and an average price target of $6.13.
Boyd Gaming Corporation (Boyd Gaming) is a multi-jurisdictional gaming company. As of December 31, 2009, the Company’s wholly owned and operated 15 casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana and Indiana.
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