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Boyd Group Services Inc. (TSE:BYD) Receives Consensus Rating of "Buy" from Analysts

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Key Points

  • Analyst consensus is “Buy”: All 12 covering analysts are bullish, with 11 buy ratings and one strong-buy rating. The average 12-month price target is C$230.00.
  • Price targets were mixed but generally revised: Jefferies, RBC, and Stifel lowered their targets, while CIBC and TD raised theirs; updated targets ranged from C$200 to C$236 among the cited firms.
  • The stock has fallen sharply: Boyd Group shares opened at C$126.68, near their 52-week low of C$125.16 and below both their 50-day and 200-day moving averages. The company reported quarterly revenue of C$1.44 billion and EPS of C$1.14.
  • Interested in Boyd Group Services? Here are five stocks we like better.

Shares of Boyd Group Services Inc. (TSE:BYD - Get Free Report) have earned an average rating of "Buy" from the twelve analysts that are covering the stock, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$230.00.

A number of analysts recently weighed in on the stock. Jefferies Financial Group cut their target price on shares of Boyd Group Services from C$250.00 to C$225.00 in a research note on Thursday, August 13th. Royal Bank Of Canada dropped their target price on Boyd Group Services from C$245.00 to C$236.00 and set an "outperform" rating on the stock in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their price target on Boyd Group Services from C$205.00 to C$208.00 in a research note on Thursday, August 13th. Stifel Nicolaus cut their price target on Boyd Group Services from C$255.00 to C$205.00 and set a "buy" rating on the stock in a research note on Thursday, May 14th. Finally, TD lifted their price target on Boyd Group Services from C$190.00 to C$200.00 and gave the stock a "buy" rating in a report on Thursday, August 13th.

Get Our Latest Stock Analysis on BYD

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey bought 500 shares of the business's stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the transaction, the director owned 3,350 shares of the company's stock, valued at approximately C$502,500. The trade was a 17.54% increase in their ownership of the stock. Company insiders own 0.37% of the company's stock.

Boyd Group Services Stock Down 2.8%

Shares of TSE:BYD opened at C$126.68 on Friday. Boyd Group Services has a 1 year low of C$125.16 and a 1 year high of C$248.23. The firm's 50-day moving average is C$138.62 and its two-hundred day moving average is C$168.90. The firm has a market capitalization of C$3.53 billion, a PE ratio of 281.51, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The company has a debt-to-equity ratio of 117.12, a current ratio of 0.58 and a quick ratio of 0.30.

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

About Boyd Group Services

(Get Free Report)

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 .

See Also

Analyst Recommendations for Boyd Group Services (TSE:BYD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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