Boyd Group Services (TSE:BYD) Hits New 52-Week Low – What’s Next?

Shares of Boyd Group Services Inc. (TSE:BYD) reached a new 52-week low on Wednesday . The company traded as low as C$171.33 and last traded at C$171.33, with a volume of 78769 shares. The stock had previously closed at C$177.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stifel Nicolaus cut their price target on Boyd Group Services from C$270.00 to C$265.00 in a report on Friday, March 20th. Jefferies Financial Group dropped their price objective on shares of Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday, March 19th. Scotiabank set a C$264.00 target price on shares of Boyd Group Services and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. TD Securities reduced their target price 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. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of Boyd Group Services from C$290.00 to C$280.00 in a research note on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Boyd Group Services currently has a consensus rating of “Buy” and an average price target of C$263.42.

Boyd Group Services Trading Down 3.6%

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’s 50-day moving average price is C$220.67 and its two-hundred day moving average price is C$222.47. The company has a market capitalization of C$4.76 billion, a price-to-earnings ratio of 208.74, a P/E/G ratio of -56.72 and a beta of 0.40.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share (EPS) for the quarter. Boyd Group Services had a return on equity of 1.66% and a net margin of 0.59%.The business had revenue of C$1.04 billion for the quarter. Research analysts predict that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current year.

Insider Buying and Selling at Boyd Group Services

In related news, insider Brian Kaner bought 1,180 shares of Boyd Group Services stock in a transaction dated Tuesday, March 31st. The shares were bought at an average cost of C$173.43 per share, with a total value of C$204,647.40. Following the acquisition, the insider owned 1,780 shares in the company, valued at C$308,705.40. This trade represents a 196.67% increase in their position. Insiders own 0.37% of the company’s stock.

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 .