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

Boyd Group Services Inc. (TSE:BYD) shares reached a new 52-week low on Friday . The company traded as low as C$159.47 and last traded at C$159.56, with a volume of 17967 shares traded. The stock had previously closed at C$163.78.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BYD. 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. Raymond James Financial dropped their price target on Boyd Group Services from C$275.00 to C$270.00 in a research note on Thursday, April 2nd. Royal Bank Of Canada dropped their price target on Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. Jefferies Financial Group dropped their price target on Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Finally, BMO Capital Markets dropped their price target on Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday, March 19th. Two equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$262.17.

Boyd Group Services Stock Performance

The company has a quick ratio of 0.30, a current ratio of 3.14 and a debt-to-equity ratio of 99.84. The stock has a 50 day moving average of C$188.51 and a 200 day moving average of C$211.64. The firm has a market cap of C$4.40 billion, a price-to-earnings ratio of 192.85, a P/E/G ratio of -56.72 and a beta of 0.75.

Boyd Group Services (TSE:BYD) last released its earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share (EPS) for the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%.The firm had revenue of C$1.04 billion for the quarter. As a group, analysts anticipate that Boyd Group Services Inc. will post 7.1452646 EPS for the current fiscal year.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, insider Brian Kaner bought 1,180 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were purchased at an average price of C$173.43 per share, for a total transaction of C$204,647.40. Following the completion of 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 position. 0.37% of the stock is currently owned by corporate insiders.

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 .