Boyd Group Services (TSE:BYD) Sets New 1-Year Low – Should You Sell?

Boyd Group Services Inc. (TSE:BYD)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$115.80 and last traded at C$116.60, with a volume of 65987 shares changing hands. The stock had previously closed at C$120.39.

Wall Street Analysts Forecast Growth

BYD has been the topic of several research analyst reports. ATB Cormark Capital Markets increased their price target on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Scotiabank dropped their target price on Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 13th. BMO Capital Markets decreased their price target on Boyd Group Services from C$200.00 to C$190.00 in a report on Thursday, August 13th. Royal Bank Of Canada dropped their price target on shares of Boyd Group Services from C$245.00 to C$236.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Finally, Desjardins cut their price objective on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$230.00.

Boyd Group Services Price Performance

The company’s 50-day moving average price is C$137.02 and its two-hundred day moving average price is C$163.17. The company has a market capitalization of C$3.21 billion, a P/E ratio of 256.00, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The company has a debt-to-equity ratio of 117.12, a current ratio of 0.58 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 earnings per share for the quarter. Boyd Group Services had a return on equity of 0.61% and a net margin of 0.26%.The firm had revenue of C$1.44 billion for the quarter. As a group, sell-side analysts expect that Boyd Group Services Inc. will post 7.1452646 EPS for the current year.

About Boyd Group Services

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 .