ATB Capital Cuts Boyd Group Services (TSE:BYD) Price Target to C$320.00

Boyd Group Services (TSE:BYD) had its target price lowered by ATB Capital from C$340.00 to C$320.00 in a report published on Wednesday morning,BayStreet.CA reports.

Several other research analysts have also recently weighed in on the stock. National Bankshares dropped their price target on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday. Jefferies Financial Group lowered their target price on Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. Raymond James reduced their price target on Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. CIBC cut their price objective on Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada reduced their target price on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$277.75.

Boyd Group Services Stock Down 1.2 %

Boyd Group Services stock opened at C$217.42 on Wednesday. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75. The stock has a fifty day moving average of C$213.62 and a 200 day moving average of C$233.25. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. The stock has a market cap of C$4.67 billion, a PE ratio of 57.98, 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 Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.66 by C($0.46). The business had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.03 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. As a group, sell-side analysts predict that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, September 27th. Boyd Group Services’s dividend payout ratio (DPR) is presently 16.00%.

Insider Transactions at Boyd Group Services

In other news, Senior Officer Jeff Murray purchased 456 shares of the business’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of C$223.12 per share, for a total transaction 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.