Boyd Group Services (TSE:BYD) Given New C$175.00 Price Target at National Bank Financial

Boyd Group Services (TSE:BYD) had its price target cut by analysts at National Bank Financial from C$270.00 to C$175.00 in a report issued on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price target points to a potential upside of 64.23% from the stock’s current price.

A number of other equities analysts also recently commented on BYD. Jefferies Financial Group reduced their price objective on shares of Boyd Group Services from C$250.00 to C$225.00 in a research note on Thursday, August 13th. Raymond James Financial dropped their target price on Boyd Group Services from C$240.00 to C$235.00 and set a “strong-buy” rating on the stock in a research report on Thursday. Royal Bank Of Canada cut their price target on Boyd Group Services from C$224.00 to C$193.00 and set an “outperform” rating on the stock in a report on Thursday. TD reduced their price target on Boyd Group Services from C$200.00 to C$175.00 and set a “top pick” rating for the company in a research report on Friday, October 9th. Finally, BMO Capital Markets reduced their price target on Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$201.57.

Boyd Group Services Stock Down 2.9%

Shares of TSE:BYD traded down C$3.14 during trading hours on Thursday, hitting C$106.56. The company’s stock had a trading volume of 255,266 shares, compared to its average volume of 105,065. Boyd Group Services has a 52 week low of C$105.75 and a 52 week high of C$248.23. The company has a debt-to-equity ratio of 117.12, a current ratio of 0.58 and a quick ratio of 0.30. The company has a market capitalization of C$2.97 billion, a price-to-earnings ratio of 236.80, a P/E/G ratio of -56.72 and a beta of 1.20. The firm’s fifty day moving average price is C$116.25 and its 200 day moving average price is C$155.24.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings results on Wednesday, November 11th. The company reported C$0.97 earnings per share for the quarter. Boyd Group Services had a net margin of 0.26% and a return on equity of 0.61%. The firm had revenue of C$1.44 billion during the quarter. As a group, research analysts expect that Boyd Group Services will post 7.15 EPS for the current year.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, insider Jeff Murray purchased 350 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were acquired at an average price of C$111.17 per share, for a total transaction of C$38,909.50. Following the completion of the purchase, the insider owned 7,700 shares of the company’s stock, valued at approximately C$856,009. The trade was a 4.76% increase in their ownership of the stock. Insiders own 0.37% of the company’s stock.

Key Headlines Impacting Boyd Group Services

Here are a few of the latest headlines about BYD:

• Positive Sentiment: A Yahoo Finance analysis says Boyd could be about 50% undervalued following its earnings-related selloff, offering a bullish valuation argument. Boyd Group Services Could Be 50% Undervalued On Its Earnings Selloff
• Neutral Sentiment: Boyd reported Q3 earnings of C$0.97 per share and revenue of C$1.44 billion. The figures provide context for the selloff, but the supplied reports do not give comparisons with analyst expectations. Boyd Group Services Reports Third-Quarter and Nine-Month Results
• Negative Sentiment: CIBC downgraded Boyd to Neutral with a C$125 price target, a cautious signal for investors. CIBC Downgrades Boyd Group Services to Neutral

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 .