Raymond James Lowers Boyd Group Services (TSE:BYD) Price Target to C$295.00

Boyd Group Services (TSE:BYD) had its price target cut by investment analysts at Raymond James from C$325.00 to C$295.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ price target indicates a potential upside of 36.10% from the company’s current price.

A number of other equities analysts have also commented on BYD. CIBC cut their price objective on shares of Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Stifel Nicolaus cut their price target on Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. Cormark lowered their price objective on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research note on Friday, August 9th. National Bankshares cut their target price on Boyd Group Services from C$310.00 to C$270.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada decreased their price target on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Boyd Group Services presently has a consensus rating of “Buy” and an average target price of C$285.67.

Boyd Group Services Trading Up 0.0 %

TSE:BYD opened at C$216.75 on Friday. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75. The business’s 50-day moving average is C$214.45 and its two-hundred day moving average is C$235.18. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The firm has a market capitalization of C$4.65 billion, a PE ratio of 57.80, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last released its quarterly earnings results 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). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The company had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion. Research analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Activity at Boyd Group Services

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