Boyd Group Services Inc. (TSE:BYD) Receives C$285.69 Consensus Target Price from Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$285.69.

A number of analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. BMO Capital Markets cut 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 research report on Monday, July 29th. Stifel Nicolaus cut their price objective on Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Royal Bank of Canada cut their price objective on Boyd Group Services from C$308.00 to C$306.00 in a research report on Friday, August 9th. Finally, TD Securities lowered their target price on shares of Boyd Group Services from C$312.00 to C$300.00 in a research note on Friday, August 9th.

Boyd Group Services Trading Up 1.9 %

BYD opened at C$218.74 on Tuesday. The stock has a market capitalization of C$4.70 billion, a PE ratio of 58.33, a P/E/G 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. The business’s 50 day moving average price is C$216.10 and its 200 day moving average price is C$240.11.

Boyd Group Services (TSE:BYD) last announced its earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). The firm had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. As a group, equities research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Boyd Group Services’s dividend payout ratio (DPR) is 16.00%.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray acquired 456 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was acquired 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.

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.