Canadian Imperial Bank of Commerce Lowers Boyd Group Services (TSE:BYD) Price Target to C$205.00

Boyd Group Services (TSE:BYD) had its target price cut by Canadian Imperial Bank of Commerce from C$275.00 to C$205.00 in a report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 42.97% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Scotiabank set a C$264.00 price target on Boyd Group Services and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada cut their price target on Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. ATB Cormark Capital Markets cut their price target on Boyd Group Services from C$285.00 to C$245.00 and set an “outperform” rating for the company in a research note on Thursday. TD Securities cut their price target on Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Finally, Stifel Nicolaus cut their price target on Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Boyd Group Services currently has an average rating of “Buy” and an average target price of C$238.71.

Boyd Group Services Stock Performance

TSE:BYD traded up C$8.85 during trading on Thursday, reaching C$143.39. The company’s stock had a trading volume of 84,068 shares, compared to its average volume of 90,820. The firm has a market cap of C$3.99 billion, a price-to-earnings ratio of 174.87, a price-to-earnings-growth ratio of -56.72 and a beta of 0.75. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.30 and a current ratio of 3.14. The firm has a 50 day moving average of C$181.57 and a 200-day moving average of C$209.87. Boyd Group Services has a 12 month low of C$129.74 and a 12 month high of C$248.23.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.81 earnings per share (EPS) for the quarter. The firm had revenue of C$1.39 billion during the quarter. Boyd Group Services had a return on equity of 1.74% and a net margin of 0.58%. Research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In related news, insider Brian Kaner bought 1,180 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was acquired 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 ownership of the stock. Insiders own 0.37% of the company’s stock.

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 .