Stifel Nicolaus Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective lowered by Stifel Nicolaus from C$270.00 to C$265.00 in a note issued to investors on Friday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 37.93% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on BYD. Scotiabank set a C$264.00 target price on shares of Boyd Group Services and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Jefferies Financial Group dropped their price target on shares of Boyd Group Services from C$275.00 to C$250.00 in a research report on Thursday. TD Securities cut their price target on shares of Boyd Group Services from C$290.00 to C$270.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada decreased their price target on shares of Boyd Group Services from C$294.00 to C$267.00 in a report on Thursday. Finally, BMO Capital Markets lowered their price objective on shares of Boyd Group Services from C$280.00 to C$250.00 in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$263.42.

Boyd Group Services Stock Performance

TSE:BYD opened at C$192.12 on Friday. The firm’s fifty day moving average price is C$226.27 and its 200 day moving average price is C$224.97. Boyd Group Services has a 1-year low of C$184.20 and a 1-year high of C$248.23. The firm has a market cap of C$5.35 billion, a price-to-earnings ratio of 234.29, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. The company has a debt-to-equity ratio of 99.84, a current ratio of 3.14 and a quick ratio of 0.30.

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. The firm had revenue of C$1.04 billion for the quarter. Boyd Group Services had a return on equity of 1.66% and a net margin of 0.59%. On average, sell-side analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Trending Headlines about Boyd Group Services

Here are the key news stories impacting Boyd Group Services this week:

• Positive Sentiment: Raymond James cut its target from C$290 to C$275 but kept a “strong-buy” rating — this signals continued analyst confidence despite a modest target trim. Raymond James lowers target, keeps strong-buy
• Positive Sentiment: TD Securities lowered its target from C$290 to C$270 and maintained a “buy” rating, leaving a large percentage upside vs. the current price that can support investor optimism. TD Securities trims target, keeps buy Additional coverage
• Neutral Sentiment: Canadian Imperial Bank of Commerce lowered its target from C$290 to C$280 — target still implies meaningful upside from current levels. CIBC target cut
• Neutral Sentiment: Stifel Nicolaus trimmed its target from C$270 to C$265; the revision is modest and leaves a sizable implied upside. Stifel lowers target Additional coverage
• Neutral Sentiment: Royal Bank of Canada cut its target from C$294 to C$267 — another trim but still above current price. RBC lowers target
• Neutral Sentiment: Jefferies lowered its target from C$275 to C$250 — target reduction but not a rating flip. Jefferies trims target
• Neutral Sentiment: BMO Capital Markets cut its target from C$280 to C$250 — another downward revision that still leaves potential upside. BMO lowers target
• Negative Sentiment: Aggregate effect — several major dealers trimmed price targets in a short window, which signals analysts are tempering near-term expectations (margins, growth or macro risks). If investors focus on the cuts rather than retained buy ratings, that could pressure the stock. Summary of analyst actions

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 .