ATB Cormark Capital Markets Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price target reduced by equities researchers at ATB Cormark Capital Markets from C$285.00 to C$245.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 72.69% from the stock’s previous close.

BYD has been the subject of several other reports. National Bank Financial cut their target price on Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Desjardins cut their target price on Boyd Group Services from C$270.00 to C$260.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Royal Bank Of Canada decreased their price target on shares of Boyd Group Services from C$294.00 to C$267.00 in a 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 report on Wednesday, January 14th. Finally, BMO Capital Markets cut their price target on shares of Boyd Group Services from C$280.00 to C$250.00 in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$237.14.

Boyd Group Services Trading Down 0.9%

Shares of BYD opened at C$141.87 on Thursday. Boyd Group Services has a twelve month low of C$129.74 and a twelve month high of C$248.23. The company has a market cap of C$3.95 billion, a P/E ratio of 173.01, a P/E/G ratio of -56.72 and a beta of 0.75. The company has a current ratio of 0.60, a quick ratio of 0.30 and a debt-to-equity ratio of 119.31. The company’s fifty day simple moving average is C$177.96 and its 200-day simple moving average is C$208.88.

Boyd Group Services (TSE:BYD) last announced its earnings results on Wednesday, May 13th. The company reported C$0.81 earnings per share (EPS) for the quarter. The company had revenue of C$1.39 billion for the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. As a group, analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Insider Activity at Boyd Group Services

In other Boyd Group Services news, insider Brian Kaner bought 1,180 shares of the business’s stock in a transaction dated 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 acquisition, the insider directly owned 1,780 shares of the company’s stock, valued at C$308,705.40. The trade was a 196.67% increase in their position. Insiders own 0.37% of the company’s stock.

More Boyd Group Services News

Here are the key news stories impacting Boyd Group Services this week:

• Positive Sentiment: Boyd Group reported record first-quarter 2026 sales of $996.7 million and adjusted EBITDA of $122.4 million, helped by market-share gains, same-store sales growth, and a strategic acquisition. Article Title
• Neutral Sentiment: Despite the strong top-line and EBITDA results, the stock fell after earnings, suggesting investors were disappointed by profitability, margin expectations, or forward guidance. Article Title
• Neutral Sentiment: Royal Bank of Canada lowered its price target to C$245 from C$267, still implying significant upside, but the cut adds to the cautious tone around the stock. Article Title
• Negative Sentiment: A broad group of analysts cut their targets, including TD to C$190, BMO to C$200, CIBC to C$205, Stifel to C$205, Scotia to C$231, Desjardins to C$240, and ATB Cormark to C$245, which likely weighed on sentiment and contributed to the decline in BYD shares. Article Title

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 .