Question 1

What is Boyd Gaming Corporation (BYD)?

Accepted Answer

Boyd Gaming Corporation is a gaming company. The Company operates over 27 brick-and-mortar gaming entertainment properties. It owns and operates Boyd Interactive, a business-to-business (B2B) and business-to-consumer (B2C) online casino gaming business. Its segments include Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online. The Las Vegas Locals segment consists of eight casinos in the Las Vegas metropolitan area. The Downtown Las Vegas segment consists of California Hotel and Casino, Fremont Hotel & Casino, and Main Street Station Hotel and Casino. Its Midwest & South properties consist of five land-based casinos, five dockside riverboat casinos, three racinos and four barge-based casinos that operate in ten states, predominantly in the Midwest and southern United States. The Online segment includes its online gaming technology company that provides proprietary solutions on both a B2B and B2C basis in regulated markets across the United States and Canada. It operates in the Consumer Cyclicals sector (HOTELS & MOTELS industry).

Boyd Gaming Corp is currently priced at $79.47, which is below several analyst price targets, including $104 from Mizuho. However, the stock has a low RSI of 20.002, indicating it is oversold, but the recent performance shows a decline of 7.80% year-to-date. The main risk is the company's high debt-to-equity ratio of 104.66%, which could impact its financial stability.

12 analysts cover BYD: 7 rate it Buy, 5 Hold and 0 Sell. The average price target is 93.70.

Question 2

Should I buy BYD?

Accepted Answer

Boyd Gaming Corp is currently priced at $79.47, which is below several analyst price targets, including $104 from Mizuho. However, the stock has a low RSI of 20.002, indicating it is oversold, but the recent performance shows a decline of 7.80% year-to-date. The main risk is the company's high debt-to-equity ratio of 104.66%, which could impact its financial stability.