Boyd Group Services (TSE:BYD) Given New C$250.00 Price Target at BMO Capital Markets

Boyd Group Services (TSE:BYD) had its price objective trimmed by BMO Capital Markets from C$260.00 to C$250.00 in a report issued on Wednesday,BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. TD Securities cut their price target on Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday. Jefferies Financial Group cut their target price on Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. Cormark decreased their target price on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada lowered their price target on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, National Bankshares reduced their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$277.75.

Boyd Group Services Price Performance

Shares of BYD stock opened at C$217.42 on Wednesday. The firm has a market cap of C$4.67 billion, a price-to-earnings ratio of 57.98, a PEG ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. The stock has a 50-day moving average price of C$213.62 and a 200 day moving average price of C$233.01.

Boyd Group Services (TSE:BYD) last issued 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). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The business had revenue of C$1.03 billion for the quarter, compared to analyst estimates of C$1.03 billion. Research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Dividend Announcement

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

Insiders Place Their Bets

In related news, Senior Officer Jeff Murray purchased 456 shares of Boyd Group Services stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of C$223.12 per share, with a total value of C$101,742.72. Insiders own 0.37% of the company’s stock.

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.