Stifel Nicolaus Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective cut by investment analysts at Stifel Nicolaus from C$255.00 to C$205.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 42.97% from the stock’s current price.

A number of other analysts have also issued reports on BYD. TD cut their target price on Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank Of Canada cut their target price on Boyd Group Services from C$294.00 to C$267.00 in a research report on Thursday, March 19th. Scotiabank set a C$264.00 target price on Boyd Group Services and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Jefferies Financial Group cut their target price on Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday, March 19th. Finally, BMO Capital Markets cut their target price on Boyd Group Services from C$250.00 to C$200.00 in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Boyd Group Services has a consensus rating of “Buy” and an average target price of C$238.71.

Boyd Group Services Trading Up 6.6%

BYD traded up C$8.85 during trading hours on Thursday, reaching C$143.39. The company’s stock had a trading volume of 84,068 shares, compared to its average volume of 90,820. Boyd Group Services has a fifty-two week low of C$129.74 and a fifty-two week high of C$248.23. The stock has a market cap of C$3.99 billion, a PE ratio of 174.87, a P/E/G ratio of -56.72 and a beta of 0.75. The business’s 50-day moving average is C$181.57 and its 200-day moving average is C$209.87. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.81 EPS for the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%.The firm had revenue of C$1.39 billion for the quarter. As a group, equities research analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Brian Kaner acquired 1,180 shares of Boyd Group Services stock in a transaction dated Tuesday, March 31st. The shares were 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 purchase, the insider owned 1,780 shares in the company, valued at approximately C$308,705.40. The trade was a 196.67% increase in their ownership of the stock. 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 .