Boyd Group Services Inc. (TSE:BYD) Given Average Recommendation of “Buy” by Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have been given an average rating of “Buy” by the twelve ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$277.75.

A number of research firms recently commented on BYD. ATB Capital cut their price objective on Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday. CIBC reduced their price objective on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Cormark lowered their target price on shares of 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. Jefferies Financial Group dropped their target price on shares of Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. Finally, Stifel Nicolaus decreased their price target on Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th.

Boyd Group Services Stock Down 1.2 %

TSE:BYD opened at C$217.42 on Friday. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75. The firm’s 50 day simple moving average is C$213.62 and its 200 day simple moving average is C$233.25. The company has a market cap of C$4.67 billion, a PE ratio of 57.98, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.66 by C($0.46). The business had revenue of C$1.03 billion during the quarter, compared to the consensus estimate of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. On average, research analysts anticipate that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Boyd Group Services Dividend Announcement

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

Insider Transactions 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 purchased 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 insiders.

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.