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

Boyd Group Services Inc. (TSE:BYD) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$285.69.

Several research analysts have issued reports on the company. ATB Capital cut their price objective on Boyd Group Services from C$345.00 to C$340.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Scotiabank cut their price objective on Boyd Group Services from C$325.00 to C$275.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Stifel Nicolaus cut their price objective on Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Jefferies Financial Group lowered their target price on Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. Finally, Raymond James lowered their target price on Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating on the stock in a report on Wednesday, August 7th.

Boyd Group Services Price Performance

Boyd Group Services stock opened at C$226.17 on Monday. Boyd Group Services has a 12 month low of C$211.22 and a 12 month 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. The business has a 50 day simple moving average of C$242.67 and a 200-day simple moving average of C$264.16. The stock has a market capitalization of C$4.86 billion, a PE ratio of 59.99, a price-to-earnings-growth ratio of -56.72 and a beta of 1.01.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.82 by C($0.05). The business had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.08 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. Equities analysts predict that Boyd Group Services will post 3.6132651 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Sunday, June 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Friday, June 28th. Boyd Group Services’s payout ratio is currently 15.92%.

Insider Activity at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray purchased 456 shares of the firm’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. Corporate 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.