Boyd Group Services (TSE:BYD) Hits New 12-Month Low – Time to Sell?

Shares of Boyd Group Services Inc. (TSE:BYD) hit a new 52-week low during trading on Thursday. The stock traded as low as C$105.75 and last traded at C$106.50, with a volume of 38,347 shares. The stock had previously closed at C$109.70.

More Boyd Group Services News

These are some of the BYD news items that stood out recently:

• Positive Sentiment: A Yahoo Finance article argues that BYD could be about 50% undervalued following its earnings-related selloff. This is a bullish valuation view, rather than a company announcement. Boyd Group Services Could Be 50% Undervalued On Its Earnings Selloff
• Negative Sentiment: CIBC downgraded Boyd to Neutral, setting a C$125 target. The downgrade signals reduced conviction, even though the target is above the recent share price. CIBC Downgrades Boyd Group Services to Neutral
• Negative Sentiment: RBC lowered its price target to C$193. Although that target remains well above the recent share price, a reduction in expectations adds to the cautious analyst tone. Boyd Group Price Target Lowered to CA$193 at RBC

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank Of Canada decreased their price target 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. ATB Cormark Capital Markets boosted their target price on Boyd Group Services from C$245.00 to C$250.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Mizuho set a C$120.00 price target on Boyd Group Services and gave the stock an “outperform” rating in a research report on Friday, September 18th. Canadian Imperial Bank of Commerce raised their price target on Boyd Group Services from C$205.00 to C$208.00 in a report on Thursday, August 13th. Finally, Jefferies Financial Group cut their price objective on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat, Boyd Group Services currently has a consensus rating of “Buy” and a consensus price target of C$219.50.

Boyd Group Services Stock Down 2.8%

The firm’s 50 day moving average price is C$116.25 and its 200-day moving average price is C$155.24. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 117.12. The company has a market cap of C$2.97 billion, a P/E ratio of 236.87, a price-to-earnings-growth ratio of -56.72 and a beta of 1.20.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Wednesday, November 11th. The company reported C$0.97 earnings per share for the quarter. The business had revenue of C$1.44 billion during the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. As a group, equities research analysts expect that Boyd Group Services Inc. will post 7.15 EPS for the current year.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, insider Jeff Murray bought 350 shares of the stock in a transaction on Monday, September 28th. The stock was purchased at an average price of C$111.17 per share, with a total value of C$38,909.50. Following the acquisition, the insider owned 7,700 shares of the company’s stock, valued at approximately C$856,009. The trade was a 4.76% increase in their ownership of the stock. 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 .