Boyd Group Services (TSE:BYD) Hits New 52-Week Low - Should You Sell?

Key Points

• Boyd Group Services shares hit a new 52-week low, trading as low as C$109.50 and last changing hands at C$111.77. The stock remains below its 50-day and 200-day moving averages of C$127.71 and C$145.54, respectively.
• Despite the decline, analysts maintain a broadly positive view, with one Strong Buy and twelve Buy ratings. The consensus price target is C$221.29, although several firms recently reduced their targets.
• The company reported quarterly EPS of C$1.14 on revenue of C$1.44 billion, but profitability was weak, with a 0.26% net margin and 0.61% return on equity. Insider Jeff Murray purchased 350 shares at an average price of C$111.17.

Boyd Group Services Inc. (TSE:BYD - Get Free Report)'s stock price reached a new 52-week low on Thursday. The company traded as low as C$109.50 and last traded at C$111.77, with a volume of 27364 shares. The stock had previously closed at C$111.70.

Wall Street Analysts Forecast Growth

BYD has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce lifted their price objective on shares of Boyd Group Services from C$205.00 to C$208.00 in a report on Thursday, August 13th. Mizuho set a C$120.00 price target on shares of Boyd Group Services and gave the company an "outperform" rating in a research note on Friday, September 18th. Royal Bank Of Canada reduced their price objective on shares of Boyd Group Services from C$236.00 to C$224.00 and set an "outperform" rating for the company in a research note on Monday, September 14th. Desjardins decreased their price objective on Boyd Group Services from C$240.00 to C$225.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Finally, Jefferies Financial Group lowered their target price on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$221.29.

Boyd Group Services Price Performance

The stock has a market capitalization of C$3.09 billion, a P/E ratio of 247.00, a price-to-earnings-growth ratio of -56.72 and a beta of 0.93. 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's 50-day simple moving average is C$127.71 and its 200-day simple moving average is C$145.54.

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

Insiders Place Their Bets

In other Boyd Group Services news, insider Jeff Murray acquired 350 shares of the company's stock in a transaction on Monday, September 28th. The shares were purchased at an average price of C$111.17 per share, for a total transaction of C$38,909.50. Following the completion of the purchase, the insider directly owned 7,700 shares of the company's stock, valued at approximately C$856,009. This represents a 4.76% increase in their ownership of the stock. 0.37% of the stock is currently owned by company insiders.

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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