Boyd Group Services (TSE:BYD) Given New C$280.00 Price Target at Royal Bank of Canada

Boyd Group Services (TSE:BYD) had its price target lowered by Royal Bank of Canada from C$306.00 to C$280.00 in a research note released on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus dropped their price target on Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Raymond James dropped their price target on Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 7th. Cormark dropped their price target on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. National Bankshares dropped their price target on Boyd Group Services from C$310.00 to C$270.00 in a research report on Friday, August 9th. Finally, CIBC dropped their price objective on Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boyd Group Services presently has a consensus rating of “Buy” and an average price target of C$288.58.

Boyd Group Services Stock Performance

Shares of Boyd Group Services stock opened at C$217.85 on Wednesday. The stock’s fifty day moving average is C$215.78 and its two-hundred day moving average is C$238.08. The company has a market capitalization of C$4.68 billion, a PE ratio of 58.09, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. Boyd Group Services has a 52 week low of C$198.61 and a 52 week high of C$324.75.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.77 EPS for the quarter, missing the consensus estimate of C$0.82 by C($0.05). The business had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. As a group, analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Monday, September 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Friday, September 27th. Boyd Group Services’s dividend payout ratio is currently 16.00%.

Insider Activity at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray acquired 456 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is owned by company insiders.

About Boyd Group Services

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.