Boyd Group Services (TSE:BYD) Sets New 52-Week Low – Time to Sell?

Boyd Group Services Inc. (TSE:BYD) reached a new 52-week low on Thursday. The stock traded as low as C$109.50 and last traded at C$111.77, with a volume of 27364 shares. The stock had previously closed at C$111.70.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BYD. National Bank Financial upped their price target on Boyd Group Services from C$265.00 to C$270.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Scotiabank decreased their price objective on Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 13th. TD lifted their target price on 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. Royal Bank Of Canada lowered their target price on Boyd Group Services from C$236.00 to C$224.00 and set an “outperform” rating on the stock in a research note on Monday, September 14th. Finally, Desjardins reduced their price target on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$221.29.

Boyd Group Services Trading Up 0.2%

The company has a debt-to-equity ratio of 117.12, a current ratio of 0.58 and a quick ratio of 0.30. The company has a fifty day moving average of C$126.48 and a 200-day moving average of C$144.61. The firm has a market capitalization of C$3.12 billion, a PE ratio of 248.89, a price-to-earnings-growth ratio of -56.72 and a beta of 0.93.

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 return on equity of 0.61% and a net margin of 0.26%.The firm had revenue of C$1.44 billion during the quarter. On average, sell-side analysts anticipate that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jeff Murray purchased 350 shares of Boyd Group Services stock in a transaction dated Monday, September 28th. The stock was acquired at an average cost of C$111.17 per share, for a total transaction of C$38,909.50. Following the acquisition, the insider directly owned 7,700 shares in the company, valued at C$856,009. This represents a 4.76% increase in their ownership of the stock. 0.37% of the stock is currently owned by corporate insiders.

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 .