Boyd Group Services (TSE:BYD) Hits New 52-Week Low at $200.80

Boyd Group Services Inc. (TSE:BYD)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$200.80 and last traded at C$200.80, with a volume of 3369 shares trading hands. The stock had previously closed at C$203.67.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Securities decreased their target price on Boyd Group Services from C$312.00 to C$300.00 in a research note on Friday, August 9th. Jefferies Financial Group lowered 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. CIBC cut their target price on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. BMO Capital Markets decreased their price objective on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Finally, Stifel Nicolaus dropped their price objective on shares of Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$285.69.

Boyd Group Services Price Performance

The stock has a market cap of C$4.33 billion, a price-to-earnings ratio of 55.20, a price-to-earnings-growth ratio of -56.72 and a beta of 1.01. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. The company has a 50-day simple moving average of C$222.36 and a two-hundred day simple moving average of C$247.74.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results 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 firm had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.08 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. As a group, equities research analysts forecast that Boyd Group Services Inc. will post 7.1288064 EPS for the current year.

Boyd Group Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Monday, September 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. Boyd Group Services’s dividend payout ratio (DPR) is presently 16.26%.

Insiders Place Their Bets

In other Boyd Group Services news, Senior Officer Jeff Murray bought 456 shares of the stock in a transaction dated Monday, August 12th. The shares were bought 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.