Boyd Group Services Inc. (TSE:BYD) Stock Rated “Buy” by Wall Street Brokerages

Shares of Boyd Group Services Inc. (TSE:BYD) have been given an average recommendation of “Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$219.50.

Several research analysts have weighed in on BYD shares. Royal Bank Of Canada decreased their price objective on shares of Boyd Group Services from C$236.00 to C$224.00 and set an “outperform” rating for the company in a report on Monday, September 14th. Canadian Imperial Bank of Commerce boosted their target price on shares of Boyd Group Services from C$205.00 to C$208.00 in a research report on Thursday, August 13th. ATB Cormark Capital Markets upped their target price on shares of 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. BMO Capital Markets cut their target price on shares of Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday, August 13th. Finally, Desjardins reduced their price target on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th.

Boyd Group Services Stock Performance

Boyd Group Services stock opened at C$110.28 on Friday. Boyd Group Services has a 52 week low of C$107.53 and a 52 week high of C$248.23. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 117.12. The stock has a market cap of C$3.07 billion, a P/E ratio of 245.07, a price-to-earnings-growth ratio of -56.72 and a beta of 1.10. The stock has a 50 day moving average of C$120.36 and a 200-day moving average of C$139.39.

Boyd Group Services (TSE:BYD) last issued 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 net margin of 0.26% and a return on equity of 0.61%. On average, analysts expect that Boyd Group Services will post 7.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeff Murray acquired 350 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average cost of C$111.17 per share, with a total value of C$38,909.50. Following the completion of the acquisition, the insider directly owned 7,700 shares in the company, valued at C$856,009. This represents a 4.76% increase in their ownership of the stock. Company insiders own 0.37% of the company’s stock.

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 .