In the preceding three months, 8 analysts have released ratings for Boyd Gaming BYD, presenting a wide array of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 2 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $73.0, with a high estimate of $84.00 and a low estimate of $66.00. Highlighting a 4.99% decrease, the current average has fallen from the previous average price target of $76.83.
Investigating Analyst Ratings: An Elaborate Study
A clear picture of Boyd Gaming's perception among financial experts is painted 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 |
|---|---|---|---|---|---|
| Steven Wieczynski | Stifel | Announces | Hold | $69.00 | - |
| Brandt Montour | Barclays | Lowers | Equal-Weight | $66.00 | $71.00 |
| Barry Jonas | Truist Securities | Maintains | Buy | $83.00 | - |
| Joseph Greff | JP Morgan | Lowers | Overweight | $72.00 | $79.00 |
| Brandt Montour | Barclays | Lowers | Overweight | $71.00 | $77.00 |
| Stephen Grambling | Morgan Stanley | Lowers | Equal-Weight | $67.00 | $72.00 |
| Joseph Stauff | Susquehanna | Lowers | Positive | $84.00 | $87.00 |
| Stephen Grambling | Morgan Stanley | Lowers | Equal-Weight | $72.00 | $75.00 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Boyd Gaming compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Boyd Gaming's stock. This comparison reveals trends 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.
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. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest and South. Midwest and South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.
Unraveling the Financial Story of Boyd Gaming
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Boyd Gaming showcased positive performance, achieving a revenue growth rate of 2.95% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Boyd Gaming's net margin excels beyond industry benchmarks, reaching 14.97%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Boyd Gaming's ROE excels beyond industry benchmarks, reaching 7.69%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.14%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 2.11, Boyd Gaming adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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