TD Securities Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price target cut by TD Securities from C$300.00 to C$270.00 in a report released on Wednesday,BayStreet.CA reports.

BYD has been the topic of several other research reports. Cormark cut 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 note on Friday, August 9th. Stifel Nicolaus cut their target price on Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. 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. CIBC cut their price target on shares of Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Finally, Jefferies Financial Group reduced their price objective on shares of Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$277.75.

Boyd Group Services Stock Performance

Shares of TSE:BYD opened at C$217.42 on Wednesday. The business’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 P/E ratio of 57.98, a PEG ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75.

Boyd Group Services (TSE:BYD) last posted its earnings results on Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The firm had revenue of C$1.03 billion for the quarter, compared to analyst estimates of C$1.03 billion. On average, sell-side analysts forecast that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

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

Insider Activity

In related news, Senior Officer Jeff Murray acquired 456 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were 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.