Boyd Group Services (TSE:BYD) Given New C$250.00 Price Target at ATB Cormark Capital Markets

Key Points

• ATB Cormark raised Boyd Group Services’ price target to C$250 from C$245 and maintained an “outperform” rating, implying 92.52% upside from the previous close.
• Analyst sentiment remains positive, with a consensus “Buy” rating and average price target of C$230, despite mixed recent target changes from other firms.
• Boyd shares fell to C$129.86 in Thursday trading, near their C$125.16 one-year low; the company reported C$1.14 quarterly EPS and C$1.44 billion in revenue.

Boyd Group Services (TSE:BYD - Get Free Report) had its target price boosted by investment analysts at ATB Cormark Capital Markets from C$245.00 to C$250.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price objective indicates a potential upside of 92.52% from the company's previous close.

BYD has been the subject of several other reports. Canadian Imperial Bank of Commerce lifted their price target on Boyd Group Services from C$205.00 to C$208.00 in a research report on Thursday. Jefferies Financial Group lowered their price objective on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday. Stifel Nicolaus dropped their price objective on shares of 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. National Bank Financial lifted their target price on shares of Boyd Group Services from C$265.00 to C$270.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Royal Bank Of Canada decreased their target price on shares of Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$230.00.

Boyd Group Services Stock Performance

BYD traded down C$16.51 during midday trading on Thursday, hitting C$129.86. 331,404 shares of the company were exchanged, compared to its average volume of 91,194. The company's 50 day simple moving average is C$139.86 and its 200 day simple moving average is C$172.90. The firm has a market capitalization of C$3.61 billion, a price-to-earnings ratio of 196.76, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The company has a current ratio of 0.60, a quick ratio of 0.30 and a debt-to-equity ratio of 119.31. Boyd Group Services has a 1-year low of C$125.16 and a 1-year high of C$248.23.

Boyd Group Services (TSE:BYD - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 earnings per share for the quarter. The business had revenue of C$1.44 billion during the quarter. Boyd Group Services had a return on equity of 1.04% and a net margin of 0.40%. As a group, sell-side analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey purchased 500 shares of the stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of C$150.00 per share, for a total transaction of C$75,000.00. Following the completion of the transaction, the director owned 3,350 shares of the company's stock, valued at C$502,500. This trade represents a 17.54% increase in their position. Corporate 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 .

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