Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Founded in 1975 and headquartered in Las Vegas, Boyd Gaming Corporation is a multi-jurisdictional gaming company. It owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. As of Mar 31, 2024, the company owns and operates 28 properties, offering 1.71 million square feet of casino space, 28,917 slot machines, 617 table games and 10,405 hotel rooms.
BYD boasts a Value Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Boyd Gaming are trading at a forward earnings multiple of 11.6X, as well as a PEG Ratio of 9.7, a Price/Cash Flow ratio of 8X, and a Price/Sales ratio of 1.7X.
A company's earnings performance is important for value investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for BYD, while the Zacks Consensus Estimate has increased $0.15 to $6.40 per share. BYD also holds an average earnings surprise of 6.9%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding BYD to their portfolios.
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Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
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