Key Points
- Insider purchase: Boyd Group insider Brian Kaner bought 1,180 shares on March 31 at C$173.43 each (C$204,647 total), increasing his stake to 1,780 shares—a 196.7% rise.
- Analyst outlook: Several firms cut price targets in March, but the consensus rating remains a Buy with an average target of C$263.42.
- Valuation and results: The stock trades below its 50/200-day averages and shows a very high P/E (~216.6) with weak profitability (net margin 0.59%), suggesting an expensive valuation relative to earnings.
Boyd Group Services Inc. (TSE:BYD - Get Free Report) insider Brian Kaner bought 1,180 shares of the firm's stock in a transaction on Tuesday, March 31st. The stock was purchased at an average cost of C$173.43 per share, with a total value of C$204,647.40. Following the completion of the acquisition, the insider directly owned 1,780 shares of the company's stock, valued at approximately C$308,705.40. The trade was a 196.67% increase in their position.
Boyd Group Services Trading Up 1.8%
TSE:BYD opened at C$177.59 on Wednesday. The company's 50 day moving average price is C$220.67 and its 200-day moving average price is C$222.47. Boyd Group Services Inc. has a 52 week low of C$172.70 and a 52 week high of C$248.23. The company has a quick ratio of 0.30, a current ratio of 3.14 and a debt-to-equity ratio of 99.84. The stock has a market cap of C$4.94 billion, a price-to-earnings ratio of 216.57, a PEG ratio of -56.72 and a beta of 0.40.
Boyd Group Services (TSE:BYD - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The company reported C$1.24 earnings per share for the quarter. The company had revenue of C$1.04 billion during the quarter. Boyd Group Services had a net margin of 0.59% and a return on equity of 1.66%. On average, equities research analysts forecast that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on BYD. Royal Bank Of Canada decreased their price target on Boyd Group Services from C$294.00 to C$267.00 in a research note on Thursday, March 19th. BMO Capital Markets dropped their price objective on Boyd Group Services from C$280.00 to C$250.00 in a research report on Thursday, March 19th. TD Securities reduced their price objective on Boyd Group Services from C$290.00 to C$270.00 and set a "buy" rating for the company in a report on Thursday, March 19th. Scotiabank set a C$264.00 target price on Boyd Group Services and gave the stock an "outperform" rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group lowered their target price on shares of Boyd Group Services from C$275.00 to C$250.00 in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$263.42.
View Our Latest Analysis on Boyd Group Services
Boyd Group Services Company Profile
(
Get Free Report)
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 .
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