Boyd Group Services (TSE:BYD) Trading Down 13% – Here’s Why

Boyd Group Services Inc. (TSE:BYD) shares were down 13% on Wednesday . The company traded as low as C$129.74 and last traded at C$132.93. Approximately 118,606 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 87,116 shares. The stock had previously closed at C$152.86.

Key Headlines Impacting Boyd Group Services

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

• Neutral Sentiment: Boyd Group reported record Q1 2026 sales of C$996.7 million and adjusted EBITDA of C$122.4 million, supported by market-share gains and a strategic acquisition. Article Title
• Neutral Sentiment: The company’s stock fell after earnings, suggesting investors are focusing more on margins, valuation, or forward guidance than on the headline revenue growth. Article Title
• Negative Sentiment: Multiple analysts cut price targets for BYD, including TD to C$190, BMO to C$200, Stifel to C$205, CIBC to C$205, Scotia to C$231, Desjardins to C$240, and ATB Cormark to C$245. Article Title
• Negative Sentiment: The broad round of target cuts signals analysts are becoming less optimistic about near-term upside, even though most firms kept positive ratings such as buy or outperform. Article Title

Analyst Ratings Changes

A number of analysts have recently commented on the company. Jefferies Financial Group dropped their price objective on Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Desjardins dropped their price target on shares of Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets cut their price target on shares of Boyd Group Services from C$250.00 to C$200.00 in a report on Thursday. Raymond James Financial reduced their price objective on shares of Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. Finally, Royal Bank Of Canada lowered their price objective on shares of Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$237.14.

Boyd Group Services Stock Performance

The firm has a market capitalization of C$3.95 billion, a PE ratio of 173.02, a P/E/G ratio of -56.72 and a beta of 0.75. 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 firm has a fifty day moving average price of C$179.73 and a 200 day moving average price of C$209.35.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.81 earnings per share for the quarter. The firm had revenue of C$1.39 billion for the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%. Research analysts anticipate 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 news, insider Brian Kaner purchased 1,180 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were acquired at an average price of C$173.43 per share, for a total transaction of C$204,647.40. Following the completion of 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 ownership of the stock. 0.37% of the stock is currently owned by company insiders.

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 .