ATB Cormark Capital Markets Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective decreased by analysts at ATB Cormark Capital Markets from C$285.00 to C$245.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 70.86% from the stock’s previous close.

BYD has been the subject of several other reports. TD Securities decreased their price target on shares of 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, March 19th. Raymond James Financial decreased their price target on shares of Boyd Group Services from C$275.00 to C$270.00 in a research note on Thursday, April 2nd. Desjardins decreased their price target on shares of Boyd Group Services from C$270.00 to C$260.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Jefferies Financial Group decreased their price target on shares of Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Finally, BMO Capital Markets decreased their price target on shares of Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$238.71.

Boyd Group Services Stock Up 6.6%

TSE BYD traded up C$8.85 during trading hours on Thursday, reaching C$143.39. 84,068 shares of the company’s stock were exchanged, compared to its average volume of 90,820. The company’s 50-day moving average is C$181.57 and its two-hundred day moving average is C$209.87. Boyd Group Services has a one year low of C$129.74 and a one year high of C$248.23. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.30 and a current ratio of 3.14. The company has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 174.87, a price-to-earnings-growth ratio of -56.72 and a beta of 0.75.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, May 13th. The company reported C$0.81 earnings per share (EPS) for the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%.The business had revenue of C$1.39 billion during the quarter. On average, analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other news, insider Brian Kaner bought 1,180 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was acquired at an average cost of C$173.43 per share, with a total value of C$204,647.40. Following the completion of the purchase, the insider owned 1,780 shares of the company’s stock, valued at C$308,705.40. This represents a 196.67% increase in their ownership of the stock. Corporate 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 .