Boyd Group Services (TSE:BYD) Sets New 1-Year Low – What’s Next?

Boyd Group Services Inc. (TSE:BYD)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$115.80 and last traded at C$116.60, with a volume of 65987 shares changing hands. The stock had previously closed at C$120.39.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BMO Capital Markets dropped their price target on Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday, August 13th. Scotiabank decreased their price target on Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 13th. Royal Bank Of Canada lowered their target price on Boyd Group Services from C$245.00 to C$236.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. TD increased their price objective on shares of Boyd Group Services from C$190.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce raised 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. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$230.00.

Boyd Group Services Stock Performance

The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12. The firm has a market capitalization of C$3.29 billion, a P/E ratio of 262.87, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The company’s 50 day moving average is C$136.41 and its 200-day moving average is C$161.50.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The company had revenue of C$1.44 billion for the quarter. As a group, equities analysts anticipate that Boyd Group Services Inc. will post 7.1452646 EPS for the current year.

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 .