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Is this Large Market Cap Stock target price reasonable for Boyd Gaming Corporation (NYSE:BYD)?

The company in question is, Boyd Gaming Corporation (NYSE:BYD) currently with a stock price of 18.98 (-0.58% today). The market cap for Boyd Gaming Corporation is 2180.84, and is in the sector Services, and Resorts & Casinos industry. The target price for Boyd Gaming Corporation is 22. Currently Boyd Gaming Corporation is trading with a P/E of 34.52, and a forward P/E of 15.57. Average volume for Boyd Gaming Corporation is 1107.76 and so far today it is 265908.

Performance in the last year for Boyd Gaming Corporation has been 9.65%. For EPS growth, Boyd Gaming Corporation has seen a growth of 186.20%, and is looking to grow in the next year to 52.68%. More long term stats show that EPS growth has been 28.50% over the last five years and could be 37.80% for the next five years. Boyd Gaming Corporation has seen sales growth quarter over quarter at -2.70%, with EPS growth quarter over quarter at 189.00%. The 20-day simple moving average is -2.14%, with the 200-day simple moving average coming to 0.82%.

Since the IPO date for Boyd Gaming Corporation on the 10/18/1993, Boyd Gaming Corporation has seen performance year to date to be -3.93%. With Boyd Gaming Corporation trading at 18.98, the dividend yield is *TBA, and the EPS is 0.55.

So could Boyd Gaming Corporation, be undervalued? Well as said before P/E is 34.52. The PEG is 0.91, P/S is 1 and the P/B is at 3.78. The P/cash is 3.47, with P/free cash flow at 10.82.

Boyd Gaming Corporation ability to deal with debt shows that the current ratio is 2, and the quick ratio is 2. This is with long term debt/equity at 6.29, and total debt/equity at 6.34.

In terms of margins, Boyd Gaming Corporation has a gross margin of 46.00%, an operating margin of 15.20% and a profit margin of 3.70%.Payout ratio for Boyd Gaming Corporation is 0.00%. Return on assets come to 1.80% with return on investment coming to 8.20%.

Insider ownership for Boyd Gaming Corporation, is at 1.40% and institutional ownership comes to 74.50%. Outstanding shares are at 114.24. While shares float is 81.77. The float short is currently 11.85%, and short ratio is 8.75.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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