BMO Capital Markets Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Key Points

• BMO Capital Markets cut its price target on Boyd Group Services to C$250 (from C$280), and other analysts have also trimmed targets; the stock holds a consensus Buy rating with an average price target of C$259.31.
• BYD traded around C$190.04 mid-day, so BMO's target implies roughly a 31.55% upside from the current price.
• Recent results show thin profitability and high leverage—quarterly EPS of C$1.24 and net margin 0.52%—while valuation/financial metrics include a PE ratio of 256.81 and a debt-to-equity ratio of 158.71.

Boyd Group Services (TSE:BYD - Get Free Report) had its price target cut by BMO Capital Markets from C$280.00 to C$250.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets' target price would indicate a potential upside of 31.55% from the company's current price.

Several other research analysts have also commented on BYD. Jefferies Financial Group reduced their price target on Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday. Scotiabank set a C$264.00 price target on shares of Boyd Group Services and gave the company an "outperform" rating in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce cut their price target on shares of Boyd Group Services from C$290.00 to C$280.00 in a report on Thursday. Finally, Royal Bank Of Canada decreased their price objective on Boyd Group Services from C$294.00 to C$267.00 in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$259.31.

Boyd Group Services Price Performance

BYD stock traded down C$2.80 during mid-day trading on Thursday, reaching C$190.04. The company's stock had a trading volume of 57,106 shares, compared to its average volume of 57,163. The stock has a market cap of C$5.29 billion, a PE ratio of 256.81, a P/E/G ratio of -56.72 and a beta of 0.40. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 158.71. Boyd Group Services has a fifty-two week low of C$184.20 and a fifty-two week high of C$248.23. The company's 50 day moving average is C$227.31 and its two-hundred day moving average is C$225.43.

Boyd Group Services (TSE:BYD - Get Free Report) last issued its earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. The business had revenue of C$1.04 billion for the quarter. Boyd Group Services had a return on equity of 1.91% and a net margin of 0.52%. Equities research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

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 .

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