Stifel Nicolaus Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its target price dropped by analysts at Stifel Nicolaus from C$270.00 to C$265.00 in a research note issued to investors on Friday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 37.56% from the stock’s previous close.

Several other analysts have also recently commented on BYD. Scotiabank set a C$264.00 target price on shares of Boyd Group Services and gave the company an “outperform” rating in a research report on Wednesday, January 14th. TD Securities decreased their price objective on Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group dropped their price objective on Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday. BMO Capital Markets cut their target price on Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday. Finally, Raymond James Financial decreased their target price on Boyd Group Services from C$290.00 to C$275.00 and set a “strong-buy” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$263.42.

Boyd Group Services Trading Up 1.1%

Shares of TSE:BYD traded up C$2.10 during trading on Friday, hitting C$192.64. 23,981 shares of the company’s stock were exchanged, compared to its average volume of 57,621. Boyd Group Services has a 1-year low of C$184.20 and a 1-year high of C$248.23. The firm has a 50-day moving average price of C$226.81 and a two-hundred day moving average price of C$225.19. The company has a current ratio of 3.14, a quick ratio of 0.30 and a debt-to-equity ratio of 99.84. The firm has a market cap of C$5.36 billion, a P/E ratio of 260.32, a PEG ratio of -56.72 and a beta of 0.40.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. Boyd Group Services had a net margin of 0.59% and a return on equity of 1.66%. The business had revenue of C$1.04 billion for the quarter. Equities analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Boyd Group Services News Roundup

Here are the key news stories impacting Boyd Group Services this week:

• Neutral Sentiment: Raymond James cut its target to C$275 from C$290 but kept a “strong-buy” rating (implies ~44% upside vs C$190.54). Raymond James note
• Neutral Sentiment: TD Securities trimmed its target to C$270 from C$290 and maintained a “buy” rating (implies ~42% upside vs C$190.54). TD Securities note TickerReport
• Negative Sentiment: Canadian Imperial Bank of Commerce lowered its target to C$280 from C$290 (still implies ~47% upside vs C$190.54), signaling a modest downgrade to expectations. CIBC note
• Negative Sentiment: Royal Bank of Canada cut its target to C$267 from C$294 (implies ~40% upside vs C$190.54), another downward revision to the street’s valuation. RBC note
• Negative Sentiment: Jefferies reduced its target to C$250 from C$275 (implies ~31% upside vs C$190.54), narrowing potential upside. Jefferies note
• Negative Sentiment: BMO Capital Markets lowered its target to C$250 from C$280 (implies ~31% upside vs C$190.54), reflecting a more conservative valuation. BMO note

Boyd Group Services Company Profile

Boyd Group Services Inc is a Canadian corporation and controls The Boyd Group Inc and its subsidiaries. Boyd Group Services Inc shares trade on the Toronto Stock Exchange (TSX) under the symbol BYD.TO and the New York Stock Exchange (NYSE) under the symbol BGSI. For more information on The Boyd Group Inc or Boyd Group Services Inc, please visit our website at https://www.boydgroup.com .