Boyd Group Services Inc. (TSE:BYD) Receives C$285.69 Average Target Price from Brokerages

Boyd Group Services Inc. (TSE:BYD) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$285.69.

BYD has been the topic of a number of research reports. Stifel Nicolaus reduced their price target on shares of Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Royal Bank of Canada decreased their target price on Boyd Group Services from C$308.00 to C$306.00 in a research report on Friday, August 9th. Cormark cut their price target on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a report on Friday, August 9th. Raymond James decreased their price objective on Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating on the stock in a report on Wednesday, August 7th. Finally, CIBC lowered their target price on Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th.

Boyd Group Services Stock Performance

TSE:BYD opened at C$203.98 on Friday. The stock has a 50-day moving average price of C$223.46 and a 200 day moving average price of C$249.39. The stock has a market capitalization of C$4.38 billion, a P/E ratio of 54.83, a P/E/G ratio of -56.72 and a beta of 1.01. Boyd Group Services has a 12-month low of C$202.75 and a 12-month high of C$324.75. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14.

Boyd Group Services (TSE:BYD) last announced 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). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The company had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.08 billion. Equities research analysts forecast that Boyd Group Services will post 7.1062435 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, September 27th. Boyd Group Services’s dividend payout ratio (DPR) is presently 16.13%.

Insider Transactions at Boyd Group Services

In related news, Senior Officer Jeff Murray purchased 456 shares of Boyd Group Services stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of C$223.12 per share, with a total value of C$101,742.72. Corporate 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.