Boyd Group Services (TSE:BYD) Stock Price Down 1.3% – Should You Sell?

Boyd Group Services Inc. (TSE:BYD)’s stock price fell 1.3% during trading on Thursday . The stock traded as low as C$141.78 and last traded at C$142.17. Approximately 67,588 shares changed hands during trading, a decline of 25% from the average daily volume of 89,857 shares. The stock had previously closed at C$144.00.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BYD. National Bank Financial cut their target price on 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. Royal Bank Of Canada dropped their price target on Boyd Group Services from C$267.00 to C$245.00 in a research note on Friday, May 15th. TD cut their price objective on Boyd Group Services from C$270.00 to C$190.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Scotia reduced their price objective on Boyd Group Services from C$239.00 to C$231.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 14th. Finally, Stifel Nicolaus decreased their target price on Boyd Group Services from C$255.00 to C$205.00 and set a “buy” rating for the company in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$236.92.

Boyd Group Services Price Performance

The stock has a market cap of C$3.96 billion, a price-to-earnings ratio of 215.41, a price-to-earnings-growth ratio of -56.72 and a beta of 1.00. The stock’s 50 day moving average price is C$139.84 and its two-hundred day moving average price is C$180.27. The company has a quick ratio of 0.30, a current ratio of 0.60 and a debt-to-equity ratio of 119.31.

Boyd Group Services (TSE:BYD) last issued 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 firm had revenue of C$1.39 billion during the quarter. Equities research analysts forecast that Boyd Group Services Inc. will post 7.1452646 EPS for the current fiscal year.

Insider Activity

In related news, Director Robert Berthold Espey acquired 500 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average price of C$150.00 per share, with a total value of C$75,000.00. Following the acquisition, the director directly owned 3,350 shares in the company, valued at C$502,500. This represents a 17.54% increase in their position. 0.37% of the stock is currently owned by company insiders.

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 .