Analyst Price Target Update on Boyd Gaming Corporation (NYSE:BYD)

Boyd Gaming Corporation (NYSE:BYD) shares are expected to touch $23 in the short term. This short term price target has been shared by 8 analysts. However, the standard deviation of short term price estimate has been valued at 2.27. The target price could hit $26 on the higher end and $19 on the lower end.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Janney Capital upgrades its outlook on Boyd Gaming Corporation (NYSE:BYD). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm raises the price target from $21 per share to $25 per share. The rating by the firm was issued on March 22, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Smith Keith, director officer (President & CEO) of Boyd Gaming Corp, had unloaded 138,068 shares at an average price of $19.41 in a transaction dated on June 6, 2016. The total value of the transaction was worth $2,679,900.

Boyd Gaming Corporation (NYSE:BYD) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.37 points or 1.96% at $18.47 with 826,476 shares getting traded. Post opening the session at $18.72, the shares hit an intraday low of $18.43 and an intraday high of $18.87 and the price was in this range throughout the day. The company has a market cap of $2,070 million and the number of outstanding shares have been calculated to be 112,084,786 shares. The 52-week high of Boyd Gaming Corporation (NYSE:BYD) is $21.43 and the 52-week low is $14.22.

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates 22 properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. The Company owns and manages 1,268,345 square feet of casino space, containing 30,392 slot machines, 777 table games and 11,391 hotel rooms. The Company operates in five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata.

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