Boyd Group Services (TSE:BYD) Shares Up 5.3% – What’s Next?

Boyd Group Services Inc. (TSE:BYD) shares traded up 5.3% during trading on Monday. The company traded as high as C$126.77 and last traded at C$123.52. Approximately 151,464 shares changed hands during trading, an increase of 49% from the average session volume of 101,968 shares. The stock had previously closed at C$117.26.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BYD. TD lowered their price objective on shares of Boyd Group Services from C$200.00 to C$175.00 and set a “top pick” rating for the company in a report on Friday, October 9th. Mizuho set a C$120.00 price target on shares of Boyd Group Services and gave the stock an “outperform” rating in a research note on Friday, September 18th. Jefferies Financial Group lowered their price objective on Boyd Group Services from C$250.00 to C$225.00 in a research report on Thursday, August 13th. BMO Capital Markets cut their price target on Boyd Group Services from C$200.00 to C$190.00 in a research note on Thursday, August 13th. Finally, Scotiabank reduced their price objective on shares of Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 13th. Two 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 company has a consensus rating of “Buy” and an average target price of C$219.50.

Boyd Group Services Trading Up 2.1%

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 firm has a market capitalization of C$3.50 billion, a PE ratio of 279.33, a PEG ratio of -56.72 and a beta of 1.10. The stock’s fifty day simple moving average is C$115.89 and its 200 day simple moving average is C$157.80.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$1.14 earnings per share (EPS) 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. On average, sell-side analysts predict that Boyd Group Services Inc. will post 7.15 earnings per share for the current year.

Insider Activity at Boyd Group Services

In related news, insider Jeff Murray acquired 350 shares of the stock in a transaction dated Monday, September 28th. The shares were purchased at an average cost of C$111.17 per share, with a total value of C$38,909.50. Following the transaction, the insider directly owned 7,700 shares in the company, valued at approximately C$856,009. This represents a 4.76% increase in their ownership of the stock. 0.37% of the stock is owned by company insiders.

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 .