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

Boyd Group Services Inc. (TSE:BYD) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$124.35 and last traded at C$124.50, with a volume of 43886 shares. The stock had previously closed at C$126.68.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BYD. Jefferies Financial Group cut their target price on shares of Boyd Group Services from C$250.00 to C$225.00 in a report on Thursday, August 13th. BMO Capital Markets decreased their price target on shares of Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday, August 13th. Stifel Nicolaus lowered their price objective on shares of Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Scotia dropped their price objective 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, Desjardins decreased their target price on shares of Boyd Group Services from C$240.00 to C$225.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat, Boyd Group Services has an average rating of “Buy” and an average price target of C$230.00.

Boyd Group Services Stock Performance

The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 117.12. The stock has a fifty day moving average price of C$138.62 and a 200-day moving average price of C$168.90. The firm has a market cap of C$3.42 billion, a price-to-earnings ratio of 273.16, a price-to-earnings-growth ratio of -56.72 and a beta of 1.02.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$1.14 earnings per share for the quarter. Boyd Group Services had a return on equity of 0.61% and a net margin of 0.26%.The firm had revenue of C$1.44 billion during the quarter. On average, analysts expect that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert Berthold Espey acquired 500 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average price of C$150.00 per share, for a total transaction of C$75,000.00. Following the transaction, the director owned 3,350 shares in the company, valued at C$502,500. This represents a 17.54% increase in their ownership of the stock. 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 .