Boyd Gaming Corp (NYSE: BYD) stock closed at $53.18 on 4/26/24 after a major decline of -15.4%. Moreover, trading volume in this decline was exceptionally high at 777% of normal. The stock has declined -15.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BYD is expected to continue to be a major Value Builder.
Boyd Gaming has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Boyd Gaming has a slightly positive Appreciation Score of 64 but a slightly negative Power Rating of 37, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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