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

Boyd Group Services Inc. (TSE:BYD) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as C$126.02 and last traded at C$126.37, with a volume of 103742 shares traded. The stock had previously closed at C$128.74.

Analysts Set New Price Targets

Several research firms have recently weighed in on BYD. ATB Cormark Capital Markets dropped their target price on shares of Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. National Bank Financial decreased their price objective on shares of Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada lowered their price objective on shares of Boyd Group Services from C$267.00 to C$245.00 in a research report on Friday, May 15th. TD cut their target price on shares of Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Finally, TD Securities reduced their target price on Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating for the company in a report on Thursday, March 19th. 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.com, Boyd Group Services has an average rating of “Buy” and a consensus target price of C$236.92.

Boyd Group Services Trading Up 5.8%

The firm has a market cap of C$3.77 billion, a P/E ratio of 205.45, a PEG ratio of -56.72 and a beta of 0.99. The company has a 50 day moving average of C$149.37 and a 200 day moving average of C$192.70. The company has a debt-to-equity ratio of 119.31, a quick ratio of 0.30 and a current ratio of 0.60.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.81 earnings per share for the quarter. The firm had revenue of C$1.39 billion for the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. Analysts predict that Boyd Group Services Inc. will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, insider Brian Kaner purchased 1,180 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were bought at an average price of C$173.43 per share, for a total transaction of C$204,647.40. Following the purchase, the insider directly owned 1,780 shares in the company, valued at C$308,705.40. This trade represents a 196.67% increase in their position. Also, Director Robert Berthold Espey acquired 500 shares of Boyd Group Services stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of C$150.00 per share, with a total value of C$75,000.00. Following the purchase, the director owned 3,350 shares in the company, valued at C$502,500. The trade was a 17.54% increase in their position. Corporate insiders own 0.37% of the company’s stock.

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 .