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

Boyd Group Services Inc. (TSE:BYD) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$128.57 and last traded at C$129.25, with a volume of 30121 shares. The stock had previously closed at C$135.32.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BYD. 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. Canadian Imperial Bank of Commerce decreased their price objective on shares of Boyd Group Services from C$275.00 to C$205.00 in a research report on Thursday, May 14th. 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 research note on Thursday, March 19th. Royal Bank Of Canada dropped their target price on shares of Boyd Group Services from C$267.00 to C$245.00 in a report on Friday, May 15th. Finally, Raymond James Financial cut their target price on Boyd Group Services from C$275.00 to C$270.00 in a research note on Thursday, April 2nd. One 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.com, the company currently has a consensus rating of “Buy” and an average price target of C$236.92.

Boyd Group Services Trading Down 4.6%

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 firm has a market cap of C$3.59 billion, a P/E ratio of 195.50, a PEG ratio of -56.72 and a beta of 0.99. The firm’s fifty day moving average is C$154.02 and its two-hundred day moving average is C$197.19.

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

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey bought 500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of C$150.00 per share, for a total transaction of C$75,000.00. Following the acquisition, the director owned 3,350 shares in the company, valued at approximately C$502,500. This represents a 17.54% increase in their position. Also, insider Brian Kaner bought 1,180 shares of Boyd Group Services stock in a transaction dated Tuesday, March 31st. The stock was acquired at an average cost 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. This trade represents a 196.67% 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 .