Boyd Group Services (TSE:BYD) Hits New 12-Month Low – Here’s Why

Boyd Group Services Inc. (TSE:BYD)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$171.33 and last traded at C$171.33, with a volume of 78769 shares traded. The stock had previously closed at C$177.59.

Wall Street Analyst Weigh In

BYD has been the topic of a number of recent analyst reports. Raymond James Financial dropped their price target on shares of Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday. Jefferies Financial Group lowered their target price on shares of Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Stifel Nicolaus dropped their target price on shares of Boyd Group Services from C$270.00 to C$265.00 in a report on Friday, March 20th. BMO Capital Markets cut their price target on shares of Boyd Group Services from C$280.00 to C$250.00 in a research report on Thursday, March 19th. Finally, Canadian Imperial Bank of Commerce decreased their price target on Boyd Group Services from C$290.00 to C$280.00 in a report on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Boyd Group Services has a consensus rating of “Buy” and an average target price of C$263.00.

Boyd Group Services Stock Performance

The stock has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 209.27, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. The company has a 50 day simple moving average of C$218.54 and a 200-day simple moving average of C$221.76. The company has a quick ratio of 0.30, a current ratio of 3.14 and a debt-to-equity ratio of 99.84.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, March 18th. The company reported C$1.24 EPS for the quarter. Boyd Group Services had a net margin of 0.58% and a return on equity of 1.74%. The company had revenue of C$1.04 billion during the quarter. As a group, equities research analysts expect that Boyd Group Services Inc. will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Kaner purchased 1,180 shares of Boyd Group Services stock in a transaction on Tuesday, March 31st. The stock was acquired at an average cost of C$173.43 per share, for a total transaction of C$204,647.40. Following the completion of the acquisition, the insider owned 1,780 shares of the company’s stock, valued at C$308,705.40. This trade represents a 196.67% increase in their position. Insiders own 0.37% of the company’s stock.

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 .