Stifel Nicolaus Cuts Boyd Group Services (TSE:BYD) Price Target to C$275.00

Boyd Group Services (TSE:BYD) had its price objective lowered by Stifel Nicolaus from C$280.00 to C$275.00 in a research report report published on Monday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets dropped their price objective on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Raymond James decreased their price target on shares of Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 7th. Cormark cut their price objective on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. National Bankshares cut their price target on Boyd Group Services from C$310.00 to C$270.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada decreased their price objective 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. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$288.17.

Boyd Group Services Trading Down 0.1 %

BYD opened at C$215.32 on Monday. Boyd Group Services has a 1-year low of C$198.61 and a 1-year 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 firm has a market capitalization of C$4.62 billion, a price-to-earnings ratio of 57.42, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company’s 50 day simple moving average is C$214.83 and its two-hundred day simple moving average is C$235.71.

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

Boyd Group Services Announces Dividend

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

Insider Activity at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray bought 456 shares of the business’s stock in a transaction on Monday, August 12th. The stock was bought at an average price of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is owned by corporate 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.