BMO Capital Markets Cuts Boyd Group Services (TSE:BYD) Price Target to C$190.00

Boyd Group Services (TSE:BYD) had its price target cut by BMO Capital Markets from C$200.00 to C$190.00 in a research note published on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. Canadian Imperial Bank of Commerce lowered their price objective on shares of Boyd Group Services from C$275.00 to C$205.00 in a research report on Thursday, May 14th. Royal Bank Of Canada reduced their target price on shares of Boyd Group Services from C$267.00 to C$245.00 in a research report on Friday, May 15th. National Bank Financial decreased their price target on shares of Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. ATB Cormark Capital Markets decreased their price target on shares of Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Finally, Stifel Nicolaus lowered their price target on shares of Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating for the company in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$230.00.

Boyd Group Services Price Performance

Shares of BYD stock opened at C$131.33 on Thursday. Boyd Group Services has a 52 week low of C$125.16 and a 52 week high of C$248.23. The stock has a market capitalization of C$3.66 billion, a PE ratio of 291.84, a PEG ratio of -56.72 and a beta of 1.02. The company has a debt-to-equity ratio of 117.12, a quick ratio of 0.30 and a current ratio of 0.58. The stock’s fifty day moving average is C$139.27 and its 200-day moving average is C$171.95.

Boyd Group Services (TSE:BYD) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. The business had revenue of C$1.44 billion during the quarter. Boyd Group Services had a return on equity of 0.61% and a net margin of 0.26%. Equities research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Transactions at Boyd Group Services

In other news, Director Robert Berthold Espey acquired 500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the transaction, the director directly owned 3,350 shares in the company, valued at C$502,500. This trade represents a 17.54% increase in their ownership of the stock. 0.37% of the stock is currently owned by corporate insiders.

Key Stories Impacting Boyd Group Services

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

• Positive Sentiment: National Bank, ATB Cormark, TD and CIBC raised their price targets, with targets ranging from C$200 to C$270. National Bank set the highest target at C$270 and maintained an “outperform” rating, while ATB Cormark upgraded its target to C$250 and retained “outperform.” BayStreet analyst ratings
• Positive Sentiment: A Seeking Alpha analysis described Boyd Group Services as a compellingly valued former high-performing company. The thesis suggests the recent share-price weakness may have created an attractive entry point if the company can restore stronger growth and profitability. Boyd Group Services: Compelling Valuation For A Past Star Performer
• Neutral Sentiment: Despite several target reductions, analysts remain broadly constructive: Desjardins and TD rate the stock “buy,” while RBC, ATB Cormark and National Bank rate it “outperform.” The revised targets still imply substantial potential upside from the referenced share price.
• Negative Sentiment: Desjardins, BMO Capital Markets, Jefferies, RBC and Scotiabank lowered their targets, including cuts to C$225, C$190, C$225, C$236 and C$210, respectively. These reductions indicate that analysts have moderated their expectations even while maintaining positive ratings. BayStreet analyst ratings

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 .