Boyd Group Services (TSE:BYD) Shares Down 1.3% – Should You Sell?

Shares of Boyd Group Services Inc. (TSE:BYD) dropped 1.3% during mid-day trading on Thursday . The stock traded as low as C$141.78 and last traded at C$142.17. 67,588 shares changed hands during trading, a decline of 25% from the average daily volume of 89,857 shares. The stock had previously closed at C$144.00.

Analysts Set New Price Targets

Several research firms recently weighed in on BYD. Scotia cut their price target on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 14th. Desjardins cut their target price on Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Raymond James Financial lowered their price target on Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. TD reduced their price objective on shares of Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of Boyd Group Services from C$275.00 to C$205.00 in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$236.92.

Boyd Group Services Price Performance

The company has a quick ratio of 0.30, a current ratio of 0.60 and a debt-to-equity ratio of 119.31. The firm’s fifty day moving average price is C$139.87 and its two-hundred day moving average price is C$180.01. The stock has a market capitalization of C$3.98 billion, a PE ratio of 216.64, a PEG ratio of -56.72 and a beta of 1.00.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.81 earnings per share for the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. The company had revenue of C$1.39 billion for the quarter. On average, equities analysts predict that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current year.

Insider Buying and Selling at Boyd Group Services

In other news, Director Robert Berthold Espey purchased 500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost of C$150.00 per share, for a total transaction of C$75,000.00. Following the purchase, the director directly owned 3,350 shares in the company, valued at approximately C$502,500. This represents a 17.54% increase in their position. 0.37% of the stock is owned by 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 .