Across the recent three months, 11 analysts have shared their insights on Boyd Gaming BYD, expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 4 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 3 | 3 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $76.0, a high estimate of $90.00, and a low estimate of $69.00. Marking an increase of 6.29%, the current average surpasses the previous average price target of $71.50.
Understanding Analyst Ratings: A Comprehensive Breakdown
The analysis of recent analyst actions sheds light on the perception of Boyd Gaming by financial experts. 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 |
|---|---|---|---|---|---|
| John Staszak | Argus Research | Announces | Buy | $90.00 | - |
| Joseph Greff | JP Morgan | Raises | Neutral | $74.00 | $69.00 |
| Brandt Montour | Barclays | Raises | Equal-Weight | $71.00 | $70.00 |
| Ben Chaiken | Mizuho | Raises | Outperform | $79.00 | $78.00 |
| Steven Wieczynski | Stifel | Raises | Hold | $74.00 | $67.00 |
| Joseph Greff | JP Morgan | Raises | Neutral | $69.00 | $68.00 |
| Daniel Politzer | Wells Fargo | Raises | Overweight | $79.00 | $75.00 |
| Barry Jonas | Truist Securities | Raises | Buy | $77.00 | $75.00 |
| Stephen Grambling | Morgan Stanley | Raises | Overweight | $78.00 | $74.00 |
| Daniel Politzer | Wells Fargo | Raises | Overweight | $75.00 | $71.00 |
| Brandt Montour | Barclays | Raises | Equal-Weight | $70.00 | $68.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Boyd Gaming. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Boyd Gaming compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Boyd Gaming's stock. This examination reveals shifts in analysts' expectations over time.
Capture valuable insights into Boyd Gaming's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Boyd Gaming analyst ratings.
Get to Know Boyd Gaming Better
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.
Boyd Gaming: Delving into Financials
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Positive Revenue Trend: Examining Boyd Gaming's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.43% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.64%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Boyd Gaming's ROE excels beyond industry benchmarks, reaching 7.84%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Boyd Gaming's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.09%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 2.35.
How Are Analyst Ratings Determined?
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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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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