In the last three months, 9 analysts have published ratings on Boyd Gaming BYD, offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Boyd Gaming, presenting an average target of $75.22, a high estimate of $82.00, and a low estimate of $67.00. Surpassing the previous average price target of $74.12, the current average has increased by 1.48%.
Investigating Analyst Ratings: An Elaborate Study
The standing of Boyd Gaming among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Stephen Grambling | Morgan Stanley | Raises | Equal-Weight | $72.00 | $71.00 |
| Ben Chaiken | Mizuho | Announces | Buy | $80.00 | - |
| Stephen Grambling | Morgan Stanley | Raises | Equal-Weight | $71.00 | $70.00 |
| Stephen Grambling | Morgan Stanley | Raises | Equal-Weight | $70.00 | $67.00 |
| Joseph Stauff | Susquehanna | Lowers | Neutral | $75.00 | $84.00 |
| Barry Jonas | Truist Securities | Raises | Buy | $80.00 | $76.00 |
| Joseph Greff | JP Morgan | Raises | Overweight | $80.00 | $78.00 |
| Daniel Politzer | Wells Fargo | Raises | Overweight | $82.00 | $81.00 |
| Brandt Montour | Barclays | Raises | Equal-Weight | $67.00 | $66.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Boyd Gaming. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Boyd Gaming compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Boyd Gaming's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
For valuable insights into Boyd Gaming's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Boyd Gaming analyst ratings.
Discovering Boyd Gaming: A Closer Look
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. Midwest and South hold the key number of entertainment properties, and it generate the majority of sales for the company.
Understanding the Numbers: Boyd Gaming's Finances
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Boyd Gaming's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 3.41%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Boyd Gaming's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 9.7% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Boyd Gaming's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.27%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Boyd Gaming's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.47% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 2.14.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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