Impact of Brokerage Rating on Boyd Gaming Corporation(BYD)

Many Boyd Gaming Corporation(BYD) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Boyd Gaming Corporation was Initiated by SunTrust on Feb 10, 2017 to Buy, Price Target of the shares are set at $24.Boyd Gaming Corporation was Upgraded by Instinet to Buy on Feb 1, 2017. Boyd Gaming Corporation was Initiated by Buckingham Research on Jan 27, 2017 to Buy, Price Target of the shares are set at $23.Boyd Gaming Corporation was Upgraded by Morgan Stanley to Overweight on Jan 17, 2017.

Company has reported several Insider transactions to the SEC, on Sep 12, 2016, Robert L Boughner (Executive Vice President) sold 50,000 shares at 19.81 per share price.On Sep 7, 2016, William R Boyd (Vice President) sold 20,500 shares at 19.78 per share price.On Aug 17, 2016, William S Boyd (Executive Chairman) sold 76,531 shares at 19.75 per share price.

Boyd Gaming Corporation Last issued its quarterly earnings results on Feb 14, 2017. The company reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.14. Analyst had a consensus of $0.24. The company had revenue of $554.82 million for the quarter, compared to analysts expectations of $562.21 million. The companys revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Boyd Gaming Corporation (NYSE:BYD) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.59 by 11 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

Boyd Gaming Corporation (NYSE:BYD) should head towards $23.5 per share according to 10 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $20 per share. The higher price estimate target is at $26 according to the Analysts.

Boyd Gaming Corporation (NYSE:BYD) witnessed a decline in the market cap on Tuesday as its shares dropped 1.15% or 0.24 points. After the session commenced at $20.95, the stock reached the higher end at $21.07 while it hit a low of $20.54. With the volume soaring to 1,291,314 shares, the last trade was called at $20.66. The company has a 52-week high of $21.575. The company has a market cap of $2,324 million and there are 112,484,580 shares in outstanding. The 52-week low of the share price is $15.54.

Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey.


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