Boyd Group Services (TSE:BYD) Hits New 1-Year Low - What's Next?

Key Points

• Boyd Group Services shares hit a new 52-week low, falling to C$114.17 before closing at C$114.86, down 1.1% on the day.
• Analysts have generally lowered their price targets, but the consensus remains a “Buy” rating with a C$230.00 target, substantially above the current share price.
• The company reported C$1.14 in quarterly EPS and C$1.44 billion in revenue, while its high valuation and weak profitability metrics included a 253.47 P/E ratio and a 0.26% net margin.

Shares of Boyd Group Services Inc. (TSE:BYD - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as C$114.17 and last traded at C$114.86, with a volume of 64541 shares. The stock had previously closed at C$115.34.

Analyst Ratings Changes

BYD has been the topic of several analyst reports. Stifel Nicolaus cut their price target on shares of Boyd Group Services from C$255.00 to C$205.00 and set a "buy" rating on the stock in a report on Thursday, May 14th. Scotia dropped their target price on Boyd Group Services from C$239.00 to C$231.00 and set a "sector outperform" rating for the company in a research report on Thursday, May 14th. Jefferies Financial Group dropped their target price on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. ATB Cormark Capital Markets upped their target price on Boyd Group Services from C$245.00 to C$250.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Finally, BMO Capital Markets reduced their price target on Boyd Group Services from C$200.00 to C$190.00 in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$230.00.

Boyd Group Services Trading Down 1.1%

The stock's 50-day moving average price is C$135.09 and its 200 day moving average price is C$157.64. 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 firm has a market capitalization of C$3.17 billion, a PE ratio of 253.47, a price-to-earnings-growth ratio of -56.72 and a beta of 0.93.

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