Mizuho Reiterates "C$120.00" Price Target for Boyd Group Services (TSE:BYD)

Key Points

• Mizuho maintained its C$120 price target and “outperform” rating for Boyd Group Services, implying 5.59% upside from the prior close.
• Analyst sentiment remains positive, with one Strong Buy and twelve Buy ratings; MarketBeat reports a consensus “Buy” rating and an average target of C$221.29, despite several recent target reductions.
• Boyd shares traded at C$113.65, near their 52-week low of C$112.35, while the company reported C$1.14 in quarterly EPS and C$1.44 billion in revenue.

Boyd Group Services (TSE:BYD - Get Free Report) has been given a C$120.00 price target by equities researchers at Mizuho in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has an "outperform" rating on the stock. Mizuho's price objective points to a potential upside of 5.59% from the company's previous close.

A number of other research analysts also recently commented on the company. Royal Bank Of Canada reduced their price target on Boyd Group Services from C$236.00 to C$224.00 and set an "outperform" rating for the company in a report on Monday. Jefferies Financial Group dropped their price target on shares of Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. BMO Capital Markets reduced their price objective on Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday, August 13th. National Bank Financial lifted their price target on Boyd Group Services from C$265.00 to C$270.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Finally, Scotiabank cut 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 report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to MarketBeat, Boyd Group Services currently has a consensus rating of "Buy" and a consensus target price of C$221.29.

Boyd Group Services Stock Performance

Shares of BYD traded up C$0.12 during mid-day trading on Friday, hitting C$113.65. 63,975 shares of the company's stock were exchanged, compared to its average volume of 99,471. Boyd Group Services has a fifty-two week low of C$112.35 and a fifty-two week high of C$248.23. The firm has a market capitalization of C$3.16 billion, a P/E ratio of 252.56, a P/E/G ratio of -56.72 and a beta of 0.93. 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 business's 50 day moving average is C$132.94 and its two-hundred day moving average is C$152.70.

Boyd Group Services (TSE:BYD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 EPS for the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The firm had revenue of C$1.44 billion for the quarter. On average, equities analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current year.

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 .

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