For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
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 A, and holds a Zacks Rank #2 (Buy) rating. Shares of Boyd Gaming are trading at a forward earnings multiple of 12X , as well as a PEG Ratio of 2.3, a Price/Cash Flow ratio of 8.2X, and a Price/Sales ratio of 1.7X.
A company’s earnings performance is important for value investors as well. For fiscal 2025, five analysts revised their earnings estimate higher in the last 60 days for BYD, while the Zacks Consensus Estimate has increased $0.42 to $6.89 per share. BYD also holds an average earnings surprise of 9.1%.
Investors should take the time to consider BYD for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).