Boyd Group Services (TSE:BYD) Sets New 1-Year Low - Should You Sell?

Key Points

• Boyd Group Services shares hit a new 52-week low, falling to C$115.80 before closing at C$116.60, well below its 50-day and 200-day moving averages.
• Despite the decline, analysts remain positive: the stock has a consensus “Buy” rating from 12 analysts and an average price target of C$230, though several brokerages recently reduced their targets.
• The company reported quarterly EPS of C$1.14 on C$1.44 billion in revenue, but its profitability remained thin, with a 0.26% net margin and a 117.12 debt-to-equity ratio.

Boyd Group Services Inc. (TSE:BYD - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$115.80 and last traded at C$116.60, with a volume of 65987 shares traded. The stock had previously closed at C$120.39.

Analysts Set New Price Targets

A number of brokerages have issued reports on BYD. Stifel Nicolaus decreased their target price on Boyd Group Services from C$255.00 to C$205.00 and set a "buy" rating for the company in a research report on Thursday, May 14th. TD boosted their price objective on shares of Boyd Group Services from C$190.00 to C$200.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. National Bank Financial upped their price objective on shares of Boyd Group Services from C$265.00 to C$270.00 and gave the stock an "outperform" rating in a report on Thursday, August 13th. Scotia lowered their target price on shares of Boyd Group Services from C$239.00 to C$231.00 and set a "sector outperform" rating on the stock in a research note on Thursday, May 14th. Finally, BMO Capital Markets dropped their target price on shares of Boyd Group Services from C$200.00 to C$190.00 in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$230.00.

Boyd Group Services Price Performance

The firm has a market cap of C$3.21 billion, a P/E ratio of 256.00, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02. The stock's 50-day moving average is C$137.02 and its 200-day moving average is C$163.17. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12.

Boyd Group Services (TSE:BYD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 earnings per share (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, equities analysts anticipate that Boyd Group Services Inc. will post 7.1452646 EPS for the current fiscal 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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