For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and 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 is a Zacks Rank #2 (Buy) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 12X for the current fiscal year compared to the Gaming industry’s P/E 23.8X. Additionally, BYD has a PEG Ratio of 2.4 and a Price/Cash Flow ratio of 8.3X. Value investors should also note BYD’s Price/Sales ratio of 1.7X.
Value investors don’t just pay attention to a company’s valuation ratios; positive earnings play a crucial role, too. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.04 to $6.95. BYD has an average earnings surprise of 9.1%.
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
This article originally published on Zacks Investment Research (zacks.com).