ATB Cormark Capital Markets Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its target price dropped by ATB Cormark Capital Markets from C$285.00 to C$245.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 70.86% from the company’s current price.

A number of other analysts also recently weighed in on BYD. Royal Bank Of Canada cut their price target on shares of Boyd Group Services from C$294.00 to C$267.00 in a research report on Thursday, March 19th. Stifel Nicolaus cut their price target on shares of Boyd Group Services from C$265.00 to C$255.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. National Bank Financial cut their price target on shares of 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. Raymond James Financial cut their price target on shares of Boyd Group Services from C$275.00 to C$270.00 in a research report on Thursday, April 2nd. Finally, BMO Capital Markets cut their price target on shares of Boyd Group Services from C$280.00 to C$250.00 in a research report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$238.71.

Boyd Group Services Trading Up 6.6%

Boyd Group Services stock traded up C$8.85 during trading hours on Thursday, reaching C$143.39. 84,068 shares of the company’s stock traded hands, compared to its average volume of 90,820. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.30 and a current ratio of 3.14. Boyd Group Services has a fifty-two week low of C$129.74 and a fifty-two week high of C$248.23. The firm has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 174.87, a PEG ratio of -56.72 and a beta of 0.75. The firm’s 50 day moving average is C$181.57 and its 200-day moving average is C$209.87.

Boyd Group Services (TSE:BYD) last released its earnings results on Wednesday, May 13th. The company reported C$0.81 earnings per share (EPS) for the quarter. The company had revenue of C$1.39 billion for the quarter. Boyd Group Services had a net margin of 0.58% and a return on equity of 1.74%. On average, analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, insider Brian Kaner bought 1,180 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was acquired at an average cost of C$173.43 per share, with a total value of C$204,647.40. Following the purchase, the insider 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.

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 .