Categories: Gaming

“Unlocking Insights: 12 Analysts Weigh In on Boyd Gaming’s Stock Potential”


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In the most recent quarter, twelve analysts issued ratings for Boyd Gaming (NYSE:BYD), exhibiting a combination of optimistic and pessimistic viewpoints.

The table provided below summarizes their latest ratings, highlighting the changing attitudes over the past 30 days and contrasting them with prior months.

Optimistic Somewhat Optimistic Neutral Somewhat Pessimistic Pessimistic
Total Ratings 3 4 5 0 0
Last 30D 1 0 0 0 0
1M Ago 1 0 1 0 0
2M Ago 0 0 0 0 0
3M Ago 1 4 4 0 0

Analysis of analysts’ 12-month price targets reveals an average target of $77.33, with a high estimate of $92.00 and a low estimate of $69.00. Notably, the current average has increased by 7.94%, up from the previous mean price target of $71.64.

Interpreting Analyst Ratings: An In-depth Examination

The position of Boyd Gaming among financial analysts is illuminated through a comprehensive review of recent actions. The summary below presents the notable analysts, their latest evaluations, and changes to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
David Katz Jefferies Increases Buy $92.00 $73.00
John Staszak Argus Research Initiates Buy $90.00
Joseph Greff JP Morgan Increases Neutral $74.00 $69.00
Brandt Montour Barclays Increases Equal-Weight $71.00 $70.00
Ben Chaiken Mizuho Increases Outperform $79.00 $78.00
Steven Wieczynski Stifel Increases Hold $74.00 $67.00
Joseph Greff JP Morgan Increases Neutral $69.00 $68.00
Daniel Politzer Wells Fargo Increases Overweight $79.00 $75.00
Barry Jonas Truist Securities Increases Buy $77.00 $75.00
Stephen Grambling Morgan Stanley Increases Overweight $78.00 $74.00
Daniel Politzer Wells Fargo Increases Overweight $75.00 $71.00
Brandt Montour Barclays Increases Equal-Weight $70.00 $68.00

Crucial Takeaways:

Action Taken: Analysts frequently adjust their recommendations in response to changing market conditions and performance of the company. Whether they ‘Maintain’, ‘Increase’, or ‘Decrease’ their stance provides insight into their reaction to recent developments regarding Boyd Gaming. This data illustrates how analysts view the present circumstances of the company.
Rating: Analysts assign qualitative values ranging from ‘Outperform’ to ‘Underperform’, offering insight into their predictions. These ratings reflect expectations for how Boyd Gaming will perform relative to the broader market.
Price Targets: Analysts provide projections for the prospective value of Boyd Gaming’s stock, shedding light on shifts in their expectations over time.

By evaluating these analyst assessments alongside pertinent financial metrics, a complete picture of Boyd Gaming’s market status can be obtained. Remain informed and make decisions based on data with the help of our Ratings Table.

Keep updated on Boyd Gaming analyst ratings.

Everything You Need to Understand About Boyd Gaming

Boyd Gaming Corp operates as a multi-jurisdictional gaming enterprise. The company manages entirely-owned gaming entertainment facilities (including casino areas, slot machines, table games, and hotel accommodations) across Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Its operations are divided into geographical segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South segments encompass the majority of entertainment properties and generate most of the company’s revenue.

Boyd Gaming’s Economic Influence: An Overview

Market Capitalization Analysis: Exceeding industry standards, the firm’s market capitalization highlights a significant scale, indicating a strong market presence.

Revenue Growth: Boyd Gaming has demonstrated impressive results over the last three months. As of September 30, 2024, the company achieved a remarkable revenue growth rate of 6.43%, signifying a considerable increase in top-line earnings. The company’s performance is superior compared to other entities in the Consumer Discretionary sector, with a growth rate surpassing the average among competitors.

Net Margin: Boyd Gaming’s net margin exceeds sector averages, reaching 13.64%, reflecting strong financial health and effective cost control.

Return on Equity (ROE): The financial robustness of Boyd Gaming is showcased by its exceptional ROE, outperforming industry benchmarks. With a notable ROE of 7.84%, the company effectively utilizes equity capital, demonstrating strong financial health.

Return on Assets (ROA): Boyd Gaming’s ROA distinguishes itself by exceeding industry averages. With an impressive ROA of 2.09%, the company exhibits efficient asset utilization and robust financial execution.

Debt Management: The company’s debt-to-equity ratio stands below the sector average at 2.35, illustrating a reduced reliance on debt financing along with a more prudent financial strategy.

The Essence of Analyst Ratings: Essential Information for Every Investor

Ratings are produced by analysts, specialists within the banking and financial sectors who report on specific stocks or designated sectors (generally once per quarter for each stock). Analysts typically obtain their insights from company conference calls, financial statements, and discussions with key insiders to reach their conclusions.

Analystsmay augment their assessments by integrating projections for indicators such as growth forecasts, profits, and turnover, providing further guidance to stakeholders. It is crucial to recognize that, while they are specialists in equities and industries, analysts are individuals and convey their viewpoints when offering evaluations.

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This article was produced by Benzinga’s automated content generation system and examined by an editor.

Recent Ratings for BYD

Date Firm Action From To
Feb 2022 Morgan Stanley Reiterates Overweight
Jan 2022 Morgan Stanley Reiterates Overweight
Dec 2021 Raymond James Upgrades Outperform Strong Buy

See Additional Analyst Ratings for BYD

Check the Latest Analyst Ratings

The perspectives and opinions expressed here are those of the author and do not necessarily represent those of Nasdaq, Inc.


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