Barclays Keeps Their Hold Rating on Boyd Gaming (BYD)

In a report released today, Brandt Montour from Barclays maintained a Hold rating on Boyd Gaming, with a price target of $86.00.

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According to TipRanks, Montour is a 4-star analyst with an average return of 6.6% and a 53.68% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as Norwegian Cruise Line, Vail Resorts, and PENN Entertainment.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boyd Gaming with a $94.27 average price target.

Based on Boyd Gaming’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.06 billion and a net profit of $140.4 million. In comparison, last year the company earned a revenue of $1.04 billion and had a net profit of $170.51 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BYD in relation to earlier this year. Last month, Josh Hirsberg, the CFO & Treasurer of BYD sold 23,924.00 shares for a total of $2,054,114.64.