Boyd Group Services Inc. (TSE:BYD) Stock Now Rated "Buy" by Wall Street Analysts

Key Points

• Analysts collectively rate Boyd Group Services “Buy.” All 13 covering firms recommend buying the stock, including two “strong buy” ratings, with an average 12-month price target of C$219.50.
• Several major brokerages recently lowered their price targets, including TD to C$175, BMO to C$190, Jefferies to C$225, and RBC to C$224, although TD still named the stock a “top pick” and RBC maintained an “outperform” rating.
• Insider Jeff Murray purchased 350 shares for approximately C$38,910. The stock opened at C$111.32, near its 12-month low of C$107.53, while the company reported quarterly revenue of C$1.44 billion and EPS of C$1.14.

Shares of Boyd Group Services Inc. (TSE:BYD - Get Free Report) have been assigned a consensus recommendation of "Buy" from the thirteen research firms that are covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$219.50.

A number of equities analysts have weighed in on BYD shares. BMO Capital Markets cut their price target on shares of Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday, August 13th. Jefferies Financial Group dropped their price objective on Boyd Group Services from C$250.00 to C$225.00 in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce increased their target price on Boyd Group Services from C$205.00 to C$208.00 in a research report on Thursday, August 13th. TD reduced their target price on Boyd Group Services from C$200.00 to C$175.00 and set a "top pick" rating on the stock in a report on Friday. Finally, Royal Bank Of Canada lowered their price target on Boyd Group Services from C$236.00 to C$224.00 and set an "outperform" rating for the company in a research report on Monday, September 14th.

Insider Buying and Selling at Boyd Group Services

In other news, insider Jeff Murray bought 350 shares of the firm's stock in a transaction dated Monday, September 28th. The stock was acquired at an average price of C$111.17 per share, for a total transaction of C$38,909.50. Following the acquisition, the insider owned 7,700 shares of the company's stock, valued at C$856,009. This trade represents a 4.76% increase in their ownership of the stock. 0.37% of the stock is owned by corporate insiders.

Boyd Group Services Trading Up 0.0%

TSE BYD opened at C$111.32 on Friday. Boyd Group Services has a 12 month low of C$107.53 and a 12 month high of C$248.23. The company has a 50-day moving average of C$122.45 and a 200-day moving average of C$141.40. The company has a debt-to-equity ratio of 117.12, a current ratio of 0.58 and a quick ratio of 0.30. The company has a market cap of C$3.10 billion, a P/E ratio of 247.38, a P/E/G ratio of -56.72 and a beta of 1.10.

Boyd Group Services (TSE:BYD - Get Free Report) last released its 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 for the quarter. As a group, equities analysts predict that Boyd Group Services will post 7.15 earnings per share for the current year.

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 .

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