BofA Securities analyst Shaun Kelley maintains $Boyd Gaming (BYD.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 52.1% and a total average return of 2.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boyd Gaming (BYD.US)$'s main analysts recently are as follows:
Boyd Gaming reported a robust performance, surpassing expectations even after setting aside one-time events. However, comparisons are anticipated to become more challenging in the fourth quarter.
Boyd Gaming's third-quarter EBITDAR surpassed expectations by 4% due to higher land-based revenue and margins, demonstrating the company's strong execution amidst a fluctuating macroeconomic environment. The company continues to stand out as a leading value stock within the gaming sector.
Boyd Gaming is beginning to distinguish itself from its peers due to the continued robust and stable trends observed in their core Las Vegas locals market. Additionally, the company is embarking on a significant long-term growth project in Norfolk, Virginia, scheduled to initiate in phases starting the following year, as noted after reviewing the company's Q3 report.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
