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

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

Analyst Ratings Changes

BYD has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Scotia reduced their target price on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 14th. Raymond James Financial lowered their target price on Boyd Group Services from C$275.00 to C$270.00 in a report on Thursday, April 2nd. TD Securities dropped their price target on Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Finally, ATB Cormark Capital Markets cut their price target on Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, Boyd Group Services presently has an average rating of “Buy” and a consensus target price of C$236.92.

Boyd Group Services Stock Performance

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

Boyd Group Services (TSE:BYD) last issued 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 during the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. As a group, equities analysts predict that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current year.

Insider Activity at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey purchased 500 shares of Boyd Group Services stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the purchase, the director directly owned 3,350 shares in the company, valued at C$502,500. This trade represents a 17.54% increase in their position. Also, insider Brian Kaner acquired 1,180 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were 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 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 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 .