Boyd Group Services Inc. (TSE:BYD) Receives Consensus Rating of “Buy” from Brokerages

Boyd Group Services Inc. (TSE:BYD) has received a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$263.42.

A number of equities research analysts have weighed in on the stock. TD Securities cut their price objective on shares of Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Raymond James Financial lowered their target price on shares of Boyd Group Services from C$290.00 to C$275.00 and set a “strong-buy” rating for the company in a report on Thursday, March 19th. Stifel Nicolaus dropped their price target on Boyd Group Services from C$270.00 to C$265.00 in a research report on Friday. 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. Finally, BMO Capital Markets reduced their price objective on Boyd Group Services from C$280.00 to C$250.00 in a research report on Thursday, March 19th.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$195.66 on Tuesday. Boyd Group Services has a 12 month low of C$184.20 and a 12 month high of C$248.23. The stock has a market cap of C$5.45 billion, a PE ratio of 238.61, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. The company has a current ratio of 3.14, a quick ratio of 0.30 and a debt-to-equity ratio of 99.84. The company’s fifty day moving average price is C$225.81 and its 200-day moving average price is C$224.70.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, March 18th. The company reported C$1.24 earnings per share (EPS) for the quarter. Boyd Group Services had a net margin of 0.59% and a return on equity of 1.66%. The company had revenue of C$1.04 billion during the quarter. On average, equities analysts expect that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

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 .