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

Shares of Boyd Group Services Inc. (TSE:BYD) have received a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$236.92.

Several research analysts have recently weighed in on BYD shares. ATB Cormark Capital Markets lowered their price target 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. TD lowered their price target 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. National Bank Financial lowered their price target 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. Desjardins lowered their price target on shares of Boyd Group Services from C$260.00 to C$240.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, Jefferies Financial Group lowered their price target on shares of Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday, March 19th.

Insider Transactions at Boyd Group Services

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

Boyd Group Services Price Performance

Shares of TSE BYD opened at C$133.37 on Friday. The firm has a market cap of C$3.71 billion, a PE ratio of 202.08, a PEG ratio of -56.72 and a beta of 0.99. The firm has a fifty day moving average of C$156.20 and a 200 day moving average of C$199.17. 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 one year low of C$129.74 and a one year high of C$248.23.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.81 EPS for the quarter. Boyd Group Services had a net margin of 0.40% and a return on equity of 1.04%. The company had revenue of C$1.39 billion during the quarter. As a group, research analysts predict that Boyd Group Services 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 .