Analyst Rating Update on Boyd Gaming Corporation (BYD)

Boyd Gaming Corporation (NYSE:BYD) : 12 analysts are covering Boyd Gaming Corporation (NYSE:BYD) and their average rating on the stock is 1.83, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Boyd Gaming Corporation (NYSE:BYD) : The consensus price target for Boyd Gaming Corporation (NYSE:BYD) is $23 for the short term with a standard deviation of $2.27. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $26, however, the pessimist price target for the company is $19.

Company shares have received an average consensus rating of Hold for the current week

Boyd Gaming Corporation (NYSE:BYD): stock turned positive on Tuesday. Though the stock opened at $17.71, the bulls momentum made the stock top out at $17.96 level for the day. The stock recorded a low of $17.67 and closed the trading day at $17.95, in the green by 2.87%. The total traded volume for the day was 1,221,866. The stock had closed at $17.45 in the previous days trading.

In an insider trading activity, The director officer (President & CEO), of Boyd Gaming Corp, Smith Keith had unloaded 7,200 shares at $19.4 per share in a transaction on June 9, 2016. The total value of transaction was $139,680. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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