Boyd Group Services Inc. (TSE:BYD) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have received an average rating of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$237.14.

Several equities research analysts recently issued reports on BYD shares. TD decreased 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 report on Thursday, May 14th. Raymond James Financial decreased their target price on shares of Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. National Bank Financial decreased their target price on shares of Boyd Group Services from C$290.00 to C$265.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Jefferies Financial Group cut their price target on shares of Boyd Group Services from C$275.00 to C$250.00 in a report on Thursday, March 19th. Finally, BMO Capital Markets cut their price target on shares of Boyd Group Services from C$250.00 to C$200.00 in a report on Thursday, May 14th.

Insider Activity at Boyd Group Services

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

Boyd Group Services Price Performance

BYD opened at C$143.85 on Friday. The company’s 50 day simple moving average is C$159.48 and its 200 day simple moving average is C$201.48. 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 has a 1 year low of C$129.74 and a 1 year high of C$248.23. The stock has a market capitalization of C$4.00 billion, a PE ratio of 217.95, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last released its earnings results on Wednesday, May 13th. The company reported C$0.81 earnings per share (EPS) for the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. The business had revenue of C$1.39 billion for the quarter. As a group, sell-side analysts expect that Boyd Group Services will post 7.1452646 EPS for the current 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 .