Boyd Group Services (TSE:BYD) Hits New 1-Year Low - Should You Sell?

Key Points

• Shares hit a new 52-week low, trading as low as C$159.47 (last C$159.56) on Friday and down about 2.4% with roughly 17,967 shares changing hands.
• Analysts have trimmed price targets (recent cuts into the C$255–C$270 area), but the stock retains a consensus Buy rating with an average target of C$262.17.
• Key fundamentals look mixed-to-weak: market cap C$4.45B, P/E 194.91, net margin 0.58%, ROE 1.74%, debt/equity ~99.8%, and the 50- and 200-day moving averages (C$188.51 and C$211.64) sit well above the current price.

Shares of Boyd Group Services Inc. (TSE:BYD - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as C$159.47 and last traded at C$159.56, with a volume of 17967 shares traded. The stock had previously closed at C$163.78.

Analysts Set New Price Targets

Several research firms have recently commented on BYD. Stifel Nicolaus decreased their target price on Boyd Group Services from C$265.00 to C$255.00 and set a "buy" rating on the stock in a research report on Tuesday. BMO Capital Markets reduced their price target on Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday, March 19th. Royal Bank Of Canada lowered their price objective on Boyd Group Services from C$294.00 to C$267.00 in a research report on Thursday, March 19th. Scotiabank set a C$264.00 target price on Boyd Group Services and gave the stock an "outperform" rating in a report on Wednesday, January 14th. Finally, Raymond James Financial reduced their target price on shares of Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Boyd Group Services currently has a consensus rating of "Buy" and an average price target of C$262.17.

Boyd Group Services Stock Down 2.4%

The stock has a 50-day moving average of C$188.51 and a 200 day moving average of C$211.64. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30. The company has a market cap of C$4.45 billion, a P/E ratio of 194.91, a PEG ratio of -56.72 and a beta of 0.75.

Boyd Group Services (TSE:BYD - Get Free Report) last released its earnings results on Wednesday, March 18th. The company reported C$1.24 EPS for the quarter. The firm had revenue of C$1.04 billion for the quarter. Boyd Group Services had a net margin of 0.58% and a return on equity of 1.74%. Research analysts anticipate that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current year.

Insider Transactions at Boyd Group Services

In related news, insider Brian Kaner acquired 1,180 shares of the company's stock in a transaction that occurred on Tuesday, March 31st. The stock was acquired at an average price of C$173.43 per share, with a total value of C$204,647.40. Following the purchase, the insider directly owned 1,780 shares in the company, valued at approximately C$308,705.40. This trade represents a 196.67% increase in their ownership of the stock. 0.37% of the stock is currently owned by corporate 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 .

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