tiprankstipranks
Blurbs

Boyd Gaming (BYD) Receives a Buy from Deutsche Bank

In a report released today, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Boyd Gaming (BYDResearch Report), with a price target of $77.00. The company’s shares closed last Tuesday at $68.27.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 22.7% and a 60.3% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boyd Gaming with a $81.43 average price target.

See today’s best-performing stocks on TipRanks >>

Based on Boyd Gaming’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $880 million and net profit of $110 million. In comparison, last year the company earned revenue of $636 million and had a net profit of $83.29 million.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BYD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas; and Midwest and South. The Las Vegas Locals segment consists of casinons that serve the resident population of the Las Vegas metropolitan area. The Downtown Las Vegas segment comprises of the following casinos: California Hotel and Casino, Fremont Hotel and Casino, and Main Street Station Casino, Brewery and Hotel. The Midwest &and South segment operates land-based casinos, dockside riverboat casinos, racinos, and barge-based casinos in the Midwest and southern United States. Its portfolio includes hotels, casino, breweries, resorts, and spa. The company was founded by William Samuel Boyd and Sam Boyd on January 1, 1975 and is headquartered in Las Vegas, NV.

Read More on BYD:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More