Boyd Group Services (TSE:BYD) Hits New 1-Year Low – Here’s Why

Boyd Group Services Inc. (TSE:BYD) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$129.74 and last traded at C$134.54, with a volume of 415568 shares traded. The stock had previously closed at C$152.86.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BYD. BMO Capital Markets dropped their target price on Boyd Group Services from C$280.00 to C$250.00 in a report on Thursday, March 19th. Desjardins dropped their target price on Boyd Group Services from C$270.00 to C$260.00 and set a “buy” rating for the company in a report on Monday, May 4th. Stifel Nicolaus dropped their target price on Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Royal Bank Of Canada dropped their target price on Boyd Group Services from C$294.00 to C$267.00 in a report on Thursday, March 19th. Finally, Canadian Imperial Bank of Commerce dropped their target price on Boyd Group Services from C$280.00 to C$275.00 in a report on Tuesday, April 7th. Two research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$262.17.

Boyd Group Services Stock Performance

The firm has a market capitalization of C$3.74 billion, a P/E ratio of 164.07, a price-to-earnings-growth ratio of -56.72 and a beta of 0.75. The stock has a 50-day moving average of C$181.57 and a 200 day moving average of C$209.87. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.30 and a current ratio of 3.14.

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

Insider Buying and Selling

In other Boyd Group Services news, insider Brian Kaner purchased 1,180 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were acquired at an average cost of C$173.43 per share, for a total transaction of C$204,647.40. Following the transaction, the insider directly owned 1,780 shares in the company, valued at approximately C$308,705.40. The trade was a 196.67% increase in their ownership of the stock. 0.37% of the stock is currently owned by company insiders.

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 .