Analyst Ratings for Boyd Gaming Corp. (BYD)

Updated: 2017-07-27

An average rating of Overweight has been given to Boyd Gaming Corp. (NYSE:BYD) by analysts covering the stock. A consensus rating of Overweight was previously issued for BYD last month.

14 analysts issued ratings on the stock, where 9 gave BYD a buy rating, 0 gave an overweight rating, 5 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Many analysts weighed in on price targets for BYD. The highest price target was 30, which equates to a potential upside of 14.37 percent. The lowest price target was 23, implying potential capital losses of -12.31 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.61 percent. That number becomes -1.61 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.93 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -2.64 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 1 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.

BYD has an estimated earnings growth rate of -48.16 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of BYD is -0.26.

BYD has traded between a high of 26.67 and a low of 16.77 over the past year. Today's price is 56.41 percent above the 52-week low, and 1.65 percent lower than its 52-week high. BYD has a price/earnings ratio of 12.66. Investors typically compare the P/E ratio to a company's peers in the industry. The BYD value stock report compares BYD to some of its peers using value stock charts. The market cap of BYD is $2.97 billion. BYD's next earnings release will be on 0000-00-00, which is days away.