Boyd Group Services (TSE:BYD) Reaches New 1-Year Low – Here’s What Happened

Boyd Group Services Inc. (TSE:BYD) reached a new 52-week low during trading on Tuesday . The company traded as low as C$126.02 and last traded at C$126.37, with a volume of 103742 shares trading hands. The stock had previously closed at C$128.74.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BYD shares. ATB Cormark Capital Markets cut their price objective on shares of Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Royal Bank Of Canada lowered their target price on shares of Boyd Group Services from C$267.00 to C$245.00 in a report on Friday, May 15th. Scotia dropped their price target on shares of Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 14th. National Bank Financial cut 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. Finally, TD decreased their price target on shares of Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat.com, Boyd Group Services currently has an average rating of “Buy” and an average price target of C$236.92.

Boyd Group Services Price Performance

The company has a market capitalization of C$3.52 billion, a price-to-earnings ratio of 191.47, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a quick ratio of 0.30, a current ratio of 0.60 and a debt-to-equity ratio of 119.31. The company has a 50 day simple moving average of C$150.67 and a 200 day simple moving average of C$194.19.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.81 EPS for the quarter. The company had revenue of C$1.39 billion for the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%. As a group, research analysts predict that Boyd Group Services Inc. will post 7.1452646 EPS for the current year.

Insider Buying and Selling

In other Boyd Group Services news, Director Robert Berthold Espey bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the transaction, the director 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. Also, insider Brian Kaner purchased 1,180 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was acquired at an average price of C$173.43 per share, for a total transaction of C$204,647.40. Following the acquisition, the insider directly owned 1,780 shares of the company’s stock, valued at C$308,705.40. This trade represents a 196.67% increase in their position. 0.37% of the stock is currently owned by corporate 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 .