Boyd Group Services Inc. (TSE:BYD) Receives Average Rating of “Buy” from Brokerages

Boyd Group Services Inc. (TSE:BYD) has received a consensus recommendation of “Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. 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. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$277.75.

Several analysts have recently issued reports on the company. National Bankshares decreased their price target on Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday, November 6th. CIBC lowered their price target on Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Stifel Nicolaus reduced their price objective on shares of Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. Cormark lowered their target price on shares of 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. Finally, TD Securities cut their target price on shares of Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday, November 6th.

Boyd Group Services Stock Down 0.5 %

Shares of Boyd Group Services stock opened at C$213.67 on Wednesday. The firm has a market cap of C$4.59 billion, a price-to-earnings ratio of 56.98, a P/E/G ratio of -56.72 and a beta of 0.99. The stock has a 50-day simple moving average of C$215.27 and a 200-day simple moving average of C$228.70. Boyd Group Services has a 52-week low of C$198.61 and a 52-week high of C$324.75. 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 (TSE:BYD) last posted its 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 during the quarter, compared to the consensus estimate of C$1.03 billion. On average, equities research analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Monday, September 30th were paid a $0.15 dividend. 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 payout ratio is 16.00%.

Insider Buying and Selling

In related news, Director Robert Berthold Espey bought 200 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of C$220.00 per share, with a total value of C$44,000.00. 0.37% of the stock is owned by company 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.