Boyd Gaming BYD has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 6 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 2 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts have recently evaluated Boyd Gaming and provided 12-month price targets. The average target is $73.33, accompanied by a high estimate of $82.00 and a low estimate of $66.00. This current average has decreased by 1.07% from the previous average price target of $74.12.
Interpreting Analyst Ratings: A Closer Look
The perception of Boyd Gaming by financial experts is analyzed through recent analyst actions. The following summary presents 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 | $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 |
| Steven Wieczynski | Stifel | Announces | Hold | $69.00 | - |
| Brandt Montour | Barclays | Lowers | Equal-Weight | $66.00 | $71.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Boyd Gaming. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Boyd Gaming compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Boyd Gaming's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of Boyd Gaming's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Boyd Gaming analyst ratings.
About Boyd Gaming
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.
Financial Insights: Boyd Gaming
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.7%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Boyd Gaming's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.27%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Boyd Gaming's ROA excels beyond industry benchmarks, reaching 1.47%. This signifies efficient management of assets and strong financial health.
Debt Management: Boyd Gaming's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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