Boyd Group Services Inc. (TSE:BYD) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Analysts maintain a bullish view: All 12 brokerages covering Boyd Group Services rate the stock Buy or Strong Buy, with an average 12-month price target of C$229.08.
• Price targets were mixed: RBC, BMO Capital Markets, and Scotiabank lowered their targets, while ATB Cormark and National Bank Financial raised theirs, with National Bank setting the highest target at C$270.
• Shares opened at C$126.92, well below the average analyst target, while the company reported quarterly revenue of C$1.44 billion and EPS of C$1.14. However, its valuation and financial metrics include a very high P/E ratio of 282.04 and debt-to-equity ratio of 117.12.

Shares of Boyd Group Services Inc. (TSE:BYD - Get Free Report) have been given an average recommendation of "Buy" by the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$229.08.

BYD has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Boyd Group Services from C$236.00 to C$224.00 in a research note on Monday. BMO Capital Markets lowered their price target on Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday, August 13th. Scotiabank dropped their price target on Boyd Group Services from C$219.00 to C$210.00 and set a "sector outperform" rating on the stock in a research note on Thursday, August 13th. ATB Cormark Capital Markets increased their price objective on Boyd Group Services from C$245.00 to C$250.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Finally, National Bank Financial raised their price objective on Boyd Group Services from C$265.00 to C$270.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th.

Boyd Group Services Stock Up 1.5%

TSE:BYD opened at C$126.92 on Tuesday. The company has a market cap of C$3.53 billion, a PE ratio of 282.04, a P/E/G ratio of -56.72 and a beta of 0.93. Boyd Group Services has a twelve month low of C$112.35 and a twelve month high of C$248.23. 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 company's 50 day moving average is C$134.12 and its two-hundred day moving average is C$155.22.

Boyd Group Services (TSE:BYD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) for the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The business had revenue of C$1.44 billion during the quarter. Analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current 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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