Boyd Group Services (TSE:BYD) Reaches New 12-Month Low – Should You Sell?

Boyd Group Services Inc. (TSE:BYD)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$112.34 and last traded at C$113.93, with a volume of 17244 shares traded. The stock had previously closed at C$114.16.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BYD shares. Scotiabank decreased their target price on shares of Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 13th. Mizuho set a C$120.00 price objective on Boyd Group Services and gave the company an “outperform” rating in a research report on Friday, September 18th. ATB Cormark Capital Markets upped their target price on 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. National Bank Financial raised their price target on Boyd Group Services from C$265.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Boyd Group Services from C$205.00 to C$208.00 in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$221.29.

Boyd Group Services Trading Up 1.5%

The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12. The business has a 50-day moving average of C$131.53 and a 200-day moving average of C$150.14. The stock has a market cap of C$3.16 billion, a price-to-earnings ratio of 252.62, a PEG ratio of -56.72 and a beta of 0.93.

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

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 .