Equities research analysts at Aegis started coverage on shares of Boyd Gaming Corporation (NYSE:BYD) in a report released on Monday. The brokerage set a “buy” rating and a $24.00 price target on the stock. Aegis’ price objective would suggest a potential upside of 16.17% from the company’s current price.
Other research analysts have also issued reports about the company. Buckingham Research initiated coverage on Boyd Gaming Corporation in a research report on Friday, January 27th. They issued a “buy” rating and a $23.00 target price on the stock. Deutsche Bank AG increased their price objective on Boyd Gaming Corporation from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 7th. TheStreet raised Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. Zacks Investment Research raised Boyd Gaming Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, October 20th. Finally, Gabelli reissued a “buy” rating and set a $28.00 price objective on shares of Boyd Gaming Corporation in a report on Monday, October 17th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Boyd Gaming Corporation currently has an average rating of “Buy” and a consensus target price of $23.73.
Boyd Gaming Corporation (NYSE:BYD) opened at 20.66 on Monday. The firm has a 50 day moving average price of $20.26 and a 200-day moving average price of $19.51. Boyd Gaming Corporation has a 12 month low of $15.28 and a 12 month high of $21.58. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 5.96 and a beta of 1.64.
Boyd Gaming Corporation (NYSE:BYD) last issued its earnings results on Tuesday, February 14th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.14. Boyd Gaming Corporation had a return on equity of 13.66% and a net margin of 18.37%. The company had revenue of $554.50 million for the quarter, compared to analyst estimates of $562.55 million. During the same period in the prior year, the firm posted $0.16 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Boyd Gaming Corporation will post $0.79 EPS for the current year.
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Several hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can increased its stake in shares of Boyd Gaming Corporation by 5.3% in the third quarter. Great West Life Assurance Co. Can now owns 112,488 shares of the company’s stock worth $2,224,000 after buying an additional 5,704 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Boyd Gaming Corporation by 1.4% in the third quarter. Louisiana State Employees Retirement System now owns 36,200 shares of the company’s stock valued at $716,000 after buying an additional 500 shares during the period. Boston Advisors LLC increased its position in Boyd Gaming Corporation by 7.5% in the third quarter. Boston Advisors LLC now owns 39,260 shares of the company’s stock valued at $777,000 after buying an additional 2,755 shares during the period. Schwab Charles Investment Management Inc. increased its position in Boyd Gaming Corporation by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 327,543 shares of the company’s stock valued at $6,027,000 after buying an additional 4,849 shares during the period. Finally, Stifel Financial Corp increased its position in Boyd Gaming Corporation by 106.2% in the second quarter. Stifel Financial Corp now owns 168,642 shares of the company’s stock valued at $3,103,000 after buying an additional 86,839 shares during the period. Institutional investors own 69.79% of the company’s stock.
About Boyd Gaming Corporation
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company is an owner and operator of approximately 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi. The Company’s segments include Las Vegas Locals; Downtown Las Vegas; Midwest and South, and Peninsula.
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