Boyd Group Services (TSE:BYD) Hits New 52-Week Low - Should You Sell?

Key Points

• Boyd Group Services shares hit a new 52-week low, falling to C$124.35 and trading near C$124.50, well below the 50-day and 200-day moving averages of C$138.62 and C$168.90.
• Despite the decline, analysts remain broadly positive: the stock has an average “Buy” rating and a consensus price target of C$230, substantially above its recent trading price.
• The company reported quarterly EPS of C$1.14 on C$1.44 billion in revenue, but profitability remained thin, with a 0.26% net margin and 0.61% return on equity; its debt-to-equity ratio was also high at 117.12.

Shares of Boyd Group Services Inc. (TSE:BYD - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as C$124.35 and last traded at C$124.50, with a volume of 43886 shares traded. The stock had previously closed at C$126.68.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BYD. Royal Bank Of Canada cut their price target on Boyd Group Services from C$245.00 to C$236.00 and set an "outperform" rating on the stock in a research note on Thursday, August 13th. ATB Cormark Capital Markets upped their price objective on Boyd Group Services from C$245.00 to C$250.00 and gave the stock an "outperform" rating in a research report on Thursday, August 13th. Scotiabank dropped their price objective on Boyd Group Services from C$219.00 to C$210.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 13th. TD raised their target price on Boyd Group Services from C$190.00 to C$200.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, Desjardins lowered their price target on Boyd Group Services from C$240.00 to C$225.00 and set a "buy" rating for the company in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of C$230.00.

Boyd Group Services Price Performance

The company's 50 day moving average is C$138.62 and its 200 day moving average is C$168.90. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 117.12. The stock has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 273.16, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02.

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 (EPS) for the quarter. The company had revenue of C$1.44 billion during the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. Research analysts anticipate that Boyd Group Services Inc. will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other news, Director Robert Berthold Espey bought 500 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average cost of C$150.00 per share, with a total value of C$75,000.00. Following the transaction, the director directly owned 3,350 shares in the company, valued at C$502,500. This trade represents a 17.54% increase in their ownership of the stock. Insiders own 0.37% of the company's stock.

Boyd Group Services Company Profile

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 .

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source