National Bank Financial Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Key Points

• National Bank Financial cut its price objective on Boyd Group Services from C$290 to C$265 but maintained an "outperform" rating, a target that implies roughly a 58% upside from the recent close.
• Multiple other analysts (BMO, RBC, Jefferies, Stifel, Scotiabank) have trimmed targets recently, leaving a consensus average price target of C$263.83 and an overall analyst rating of Buy (2 Strong Buy, 9 Buy, 1 Hold).
• Boyd shares trade around C$167.38, well below analyst targets, but the stock shows a high valuation (P/E of 204.12) and low profitability (net margin 0.58%); insider Brian Kaner recently increased his stake with a purchase.

Boyd Group Services (TSE:BYD - Get Free Report) had its price objective cut by stock analysts at National Bank Financial from C$290.00 to C$265.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's target price would suggest a potential upside of 58.32% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. Scotiabank set a C$264.00 price target on Boyd Group Services and gave the stock an "outperform" rating in a report on Wednesday, January 14th. BMO Capital Markets reduced their price target on Boyd Group Services from C$280.00 to C$250.00 in a report on Thursday, March 19th. Royal Bank Of Canada reduced their price target on Boyd Group Services from C$294.00 to C$267.00 in a report on Thursday, March 19th. Stifel Nicolaus cut their price objective on Boyd Group Services from C$270.00 to C$265.00 in a research note on Friday, March 20th. Finally, Jefferies Financial Group cut their price objective on Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$263.83.

Boyd Group Services Price Performance

TSE BYD traded down C$0.53 during trading hours on Friday, reaching C$167.38. The company's stock had a trading volume of 13,756 shares, compared to its average volume of 86,976. The firm has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 204.12, a P/E/G ratio of -56.72 and a beta of 0.85. Boyd Group Services has a 1-year low of C$159.55 and a 1-year high of C$248.23. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30. The company's 50-day moving average is C$192.88 and its two-hundred day moving average is C$212.78.

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

Insider Activity

In related news, insider Brian Kaner purchased 1,180 shares of the company's stock in a transaction dated Tuesday, March 31st. The stock was acquired at an average cost of C$173.43 per share, for a total transaction of C$204,647.40. Following the completion of the transaction, the insider directly owned 1,780 shares of the company's stock, valued at approximately C$308,705.40. This trade represents 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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