Boyd Group Services (TSE:BYD) Price Target Cut to C$255.00 by Analysts at Stifel Nicolaus

Key Points

• Stifel Nicolaus cut its price target on Boyd Group Services to C$255 from C$265 but kept a "buy" rating, with the new target implying roughly a 54.6% upside from the stock's prior close.
• Several other firms have trimmed targets recently (RBC, CIBC, Desjardins, Raymond James), yet the consensus remains a Buy with an average price target of C$262.17.
• Shares trade around C$164.98 with a market cap of C$4.59B and a very high PE of 201.2; the company reported quarterly EPS of C$1.24 and very thin net margins (0.58%), while an insider (Brian Kaner) recently bought shares.

Boyd Group Services (TSE:BYD - Get Free Report) had its price target decreased by Stifel Nicolaus from C$265.00 to C$255.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 54.56% from the company's previous close.

Other equities analysts have also issued research reports about the company. Scotiabank set a C$264.00 target price on Boyd Group Services and gave the company an "outperform" rating in a research note on Wednesday, January 14th. Royal Bank Of Canada cut their target price on Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. Canadian Imperial Bank of Commerce cut their target price on Boyd Group Services from C$280.00 to C$275.00 in a research note on Tuesday, April 7th. Desjardins cut their target price on Boyd Group Services from C$270.00 to C$260.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Raymond James Financial cut their target price on Boyd Group Services from C$275.00 to C$270.00 in a research note on Thursday, April 2nd. Two research 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's stock. According to MarketBeat, Boyd Group Services presently has a consensus rating of "Buy" and an average price target of C$262.17.

Boyd Group Services Trading Up 0.1%

Shares of BYD traded up C$0.13 during trading hours on Tuesday, hitting C$164.98. 19,866 shares of the stock traded hands, compared to its average volume of 86,116. The company has a current ratio of 3.14, a quick ratio of 0.30 and a debt-to-equity ratio of 99.84. Boyd Group Services has a 1-year low of C$159.55 and a 1-year high of C$248.23. The firm has a market capitalization of C$4.59 billion, a PE ratio of 201.20, a price-to-earnings-growth ratio of -56.72 and a beta of 0.85. The business has a fifty day moving average of C$192.88 and a 200-day moving average of C$212.68.

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

Insider Activity

In other Boyd Group Services news, insider Brian Kaner purchased 1,180 shares of the stock in a transaction on Tuesday, March 31st. The stock was bought at an average cost of C$173.43 per share, for a total transaction of C$204,647.40. Following the completion of the acquisition, the insider directly owned 1,780 shares of the company's stock, valued at C$308,705.40. The trade was a 196.67% increase in their ownership of the stock. 0.37% of the stock is owned by company 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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