Raymond James Financial Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective dropped by research analysts at Raymond James Financial from C$275.00 to C$270.00 in a research note issued on Thursday,BayStreet.CA reports. Raymond James Financial’s target price would suggest a potential upside of 59.43% from the company’s previous close.

A number of other research analysts have also recently commented on BYD. Jefferies Financial Group reduced their price target on shares of Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday, March 19th. TD Securities lowered their price objective on shares of Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Stifel Nicolaus cut their price objective on shares of Boyd Group Services from C$270.00 to C$265.00 in a research note on Friday, March 20th. BMO Capital Markets reduced their target price on shares of Boyd Group Services from C$280.00 to C$250.00 in a report on Thursday, March 19th. Finally, Canadian Imperial Bank of Commerce decreased their target price on shares of Boyd Group Services from C$290.00 to C$280.00 in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$263.00.

Boyd Group Services Price Performance

BYD stock traded down C$1.14 during mid-day trading on Thursday, hitting C$169.35. 263,651 shares of the stock were exchanged, compared to its average volume of 73,392. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30. The business has a fifty day moving average price of C$219.61 and a 200 day moving average price of C$222.11. Boyd Group Services has a 12 month low of C$165.60 and a 12 month high of C$248.23. The stock has a market capitalization of C$4.71 billion, a price-to-earnings ratio of 206.52, a PEG ratio of -56.72 and a beta of 0.40.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, March 18th. The company reported C$1.24 EPS for the quarter. The firm had revenue of C$1.04 billion for the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%. On average, sell-side analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current year.

Insider Buying and Selling

In related news, insider Brian Kaner purchased 1,180 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were acquired at an average cost of C$173.43 per share, with a total value of C$204,647.40. Following the purchase, the insider directly owned 1,780 shares of the company’s stock, valued at approximately C$308,705.40. This trade represents a 196.67% increase in their ownership of the stock. 0.37% of the stock is owned by company 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 .