Boyd Group Services (TSE:BYD) Trading 0.3% Higher – Still a Buy?

Boyd Group Services Inc. (TSE:BYD) rose 0.3% during trading on Monday . The stock traded as high as C$221.33 and last traded at C$217.00. Approximately 32,436 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 22,265 shares. The stock had previously closed at C$216.35.

Analyst Ratings Changes

BYD has been the topic of several analyst reports. Stifel Nicolaus upped their price target on Boyd Group Services from C$265.00 to C$275.00 in a research report on Tuesday, November 4th. CIBC boosted their price objective on shares of Boyd Group Services from C$270.00 to C$280.00 in a research note on Wednesday, November 5th. ATB Capital increased their target price on shares of Boyd Group Services from C$275.00 to C$280.00 in a research note on Thursday, November 13th. Desjardins raised shares of Boyd Group Services to a “moderate buy” rating in a report on Tuesday, November 4th. Finally, TD Securities boosted their price target on shares of Boyd Group Services from C$280.00 to C$290.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$265.60.

Boyd Group Services Trading Up 0.3%

The stock’s 50 day simple moving average is C$222.45 and its 200 day simple moving average is C$218.99. The firm has a market cap of C$6.04 billion, a PE ratio of 293.24, a PEG ratio of -56.72 and a beta of 0.17. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, November 12th. The company reported C$0.62 earnings per share for the quarter. Boyd Group Services had a net margin of 1.35% and a return on equity of 4.93%. The firm had revenue of C$1.10 billion for the quarter. On average, sell-side analysts forecast that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current fiscal year.

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 .