National Bankshares Lowers Boyd Group Services (TSE:BYD) Price Target to C$270.00

Boyd Group Services (TSE:BYD) had its price target reduced by investment analysts at National Bankshares from C$310.00 to C$270.00 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 22.73% from the stock’s previous close.

BYD has been the topic of a number of other reports. Scotiabank reduced their price objective on shares of Boyd Group Services from C$325.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. TD Securities reduced their price target on shares of Boyd Group Services from C$312.00 to C$300.00 in a research report on Friday. BMO Capital Markets reduced their price target on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Jefferies Financial Group lowered their target price on Boyd Group Services from C$340.00 to C$325.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, CIBC dropped their target price on Boyd Group Services from C$304.00 to C$290.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Boyd Group Services presently has a consensus rating of “Moderate Buy” and an average target price of C$286.85.

Boyd Group Services Stock Down 2.7 %

Shares of BYD stock traded down C$6.01 during trading hours on Friday, reaching C$220.00. The company had a trading volume of 113,919 shares, compared to its average volume of 53,418. The stock’s fifty day simple moving average is C$246.88 and its 200 day simple moving average is C$269.55. The company has a market capitalization of C$4.72 billion, a P/E ratio of 46.41, a price-to-earnings-growth ratio of -56.72 and a beta of 1.08. The company has a debt-to-equity ratio of 142.10, a quick ratio of 0.30 and a current ratio of 0.59. Boyd Group Services has a twelve month low of C$211.22 and a twelve month high of C$324.75.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). The firm had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.08 billion. Boyd Group Services had a net margin of 2.46% and a return on equity of 9.30%. As a group, sell-side analysts expect that Boyd Group Services will post 4.8300559 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boyd Group Services news, Senior Officer Brian Kaner acquired 600 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost of C$170.70 per share, with a total value of C$102,420.00. Following the purchase, the insider now directly owns 600 shares of the company’s stock, valued at C$102,420. Company insiders own 0.37% of the company’s stock.

Boyd Group Services Company Profile

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.