Boyd Group Services (TSE:BYD) Hits New 12-Month Low - Time to Sell?

Key Points

• New 52-week low: Boyd Group's stock fell to C$183.67 (last C$183.70), trading well below its 50- and 200-day moving averages (~C$224), indicating recent weakness.
• Analysts still show an overall Buy consensus with a consensus price target of C$263.42 despite several recent price-target cuts; current breakdown is two Strong Buy, nine Buy and one Hold.
• Fundamentals are mixed: a very high P/E of 223.35, thin net margin (0.59%) and debt-to-equity around 99.8% contrast with C$1.04B quarterly revenue and a C$5.10B market cap.

Boyd Group Services Inc. (TSE:BYD - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$183.67 and last traded at C$183.70, with a volume of 36062 shares changing hands. The stock had previously closed at C$190.23.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BYD. Scotiabank set a C$264.00 price objective on Boyd Group Services and gave the company an "outperform" rating in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce dropped their target price on Boyd Group Services from C$290.00 to C$280.00 in a report on Thursday, March 19th. Raymond James Financial reduced their price target on Boyd Group Services from C$290.00 to C$275.00 and set a "strong-buy" rating for the company in a research report on Thursday, March 19th. Jefferies Financial Group decreased their price target on Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday, March 19th. Finally, TD Securities lowered their price objective on Boyd Group Services from C$290.00 to C$270.00 and set a "buy" rating on the stock in a research report on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$263.42.

Boyd Group Services Stock Performance

The business's 50-day simple moving average is C$224.59 and its two-hundred day simple moving average is C$224.16. The company has a quick ratio of 0.30, a current ratio of 3.14 and a debt-to-equity ratio of 99.84. The firm has a market cap of C$5.10 billion, a price-to-earnings ratio of 223.35, a P/E/G ratio of -56.72 and a beta of 0.40.

Boyd Group Services (TSE:BYD - Get Free Report) last posted its earnings results on Wednesday, March 18th. The company reported C$1.24 EPS for the quarter. Boyd Group Services had a return on equity of 1.66% and a net margin of 0.59%.The firm had revenue of C$1.04 billion for the quarter. As a group, sell-side analysts expect that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current fiscal 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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