Boyd Gaming Corporation (BYD) : Analyst Rating Update

Boyd Gaming Corporation (BYD) : 7 brokerage houses believe that Boyd Gaming Corporation (BYD) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Boyd Gaming Corporation (BYD). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.83.

Boyd Gaming Corporation (BYD) : Currently there are 8 street experts covering Boyd Gaming Corporation (BYD) stock. The most bullish and bearish price target for the stock is $26 and $19 respectively for the short term. The average price target of all the analysts comes to $23. The estimated standard deviation from the target is $2.27.

Boyd Gaming Corporation (NYSE:BYD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.99 and $17.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.24, notching a gain of 0.61% for the day. The total traded volume was 817,626 . The stock had closed at $18.13 on the previous day.

The company shares have rallied 17.73% from its 1 Year high price. On Apr 20, 2016, the shares registered one year high at $21.43 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $18.69 and the 200 Day Moving Average price is recorded at $18.61.

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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