A share price of Boyd Gaming Corp [BYD] is currently trading at $74.83, up 0.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BYD shares have gain 2.37% over the last week, with a monthly amount glided 8.58%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Boyd Gaming Corp [NYSE: BYD] stock has seen the most recent analyst activity on September 04, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $74 from $66. Previously, Raymond James started tracking the stock with Outperform rating on May 21, 2024, and set its price target to $67. On May 01, 2024, downgrade downgraded it’s rating to Hold. JP Morgan downgraded its rating to a Neutral and decreased its price target to $67 on April 26, 2024. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $71 on April 26, 2024. Mizuho started tracking with a Buy rating for this stock on March 26, 2024, and assigned it a price target of $80. In a note dated February 12, 2024, Susquehanna downgraded an Neutral rating on this stock and revised its target price from $84 to $75.
Boyd Gaming Corp experienced fluctuations in its stock price throughout the past year between $49.34 and $75.34. Currently, Wall Street analysts expect the stock to reach $76.25 within the next 12 months. Boyd Gaming Corp [NYSE: BYD] shares were valued at $74.83 at the most recent close of the market. An investor can expect a potential return of 1.9% based on the average BYD price forecast.
Analyzing the BYD fundamentals
Trailing Twelve Months sales for Boyd Gaming Corp [NYSE:BYD] were 3.84B which represents 6.43% growth. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.29 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.88.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.58 points at the first support level, and at 74.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.18, and for the 2nd resistance point, it is at 75.52.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Boyd Gaming Corp [NYSE:BYD] is 0.82. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 4.07 and price to earnings (TTM) ratio is 14.30.
Transactions by insiders
Recent insider trading involved SMITH KEITH, President and CEO, that happened on Nov 22 ’24 when 30000.0 shares were sold. President and CEO, SMITH KEITH completed a deal on Nov 19 ’24 to sell 30000.0 shares. Meanwhile, President and CEO SMITH KEITH sold 40000.0 shares on Nov 13 ’24.
