Boyd Group Services (TSE:BYD) Hits New 1-Year Low - Here's Why

Key Points

• Boyd Group Services shares hit a new 52-week low, falling to C$112.34 before closing at C$113.93, down 0.5%.
• Analysts remain broadly positive, with one Strong Buy and twelve Buy ratings and an average price target of C$221.29, despite several recent target adjustments.
• The company reported quarterly EPS of C$1.14 and revenue of C$1.44 billion, but profitability remained weak, with a 0.26% net margin and 0.61% return on equity.

Boyd Group Services Inc. (TSE:BYD - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as C$112.34 and last traded at C$113.93, with a volume of 17244 shares traded. The stock had previously closed at C$114.16.

Analysts Set New Price Targets

Several research analysts have weighed in on BYD shares. Royal Bank Of Canada lowered their price target on shares of Boyd Group Services from C$236.00 to C$224.00 and set an "outperform" rating on the stock in a report on Monday, September 14th. Mizuho set a C$120.00 target price on Boyd Group Services and gave the company an "outperform" rating in a research report on Friday. ATB Cormark Capital Markets increased their target price on Boyd Group Services from C$245.00 to C$250.00 and gave the stock an "outperform" rating in a research note 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 for the company in a report on Thursday, August 13th. Finally, National Bank Financial boosted their price target on Boyd Group Services from C$265.00 to C$270.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$221.29.

Boyd Group Services Stock Down 0.5%

The stock's fifty day simple moving average is C$132.45 and its 200-day simple moving average is C$151.83. The stock has a market cap of C$3.16 billion, a P/E ratio of 252.42, a P/E/G ratio of -56.72 and a beta of 0.93. The company has a debt-to-equity ratio of 117.12, a quick ratio of 0.30 and a current ratio of 0.58.

Boyd Group Services (TSE:BYD - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$1.14 EPS for the quarter. The company had revenue of C$1.44 billion for the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. As a group, research analysts forecast that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current fiscal 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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