Texas (July 19, 2013) Wax Ink has issued a Cautious Investment Interest rating for Boyd Gaming Corporation (NYSE: BYD) based on a recent baseline equity review which placed fair value between $28-$36.
The recent close of $11.93 is approximately 30% below the fair value buy target for the stock and approximately 66% below the fair value close target for the stock. The recent close is also 19% above analysts' twelve-month $10.00 median price target for the stock.
The recent close represents a 117% increase in price since the last baseline equity review was conducted in April of 2009.
The stock currently has a trailing twelve-month PE Ratio of 1, and a PEG Ratio of 0.1 basis estimated forward earnings growth of 22%.
In the past 52 weeks, share prices have moved between a high of $14.50 and a low of $4.74, placing equilibrium at $10.29.
Basis the recent close, the stock is trading 22% below the 52 week high, 60% above the 52 week low, 14% above equilibrium, and has an average daily trading volume of approximately 2.3 million shares.
Boyd Gaming Corporation together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States.
The company's competitors include Caesars Entertainment Corporation, Las Vegas Sands Corporation, and MGM Resorts International.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.