Stifel Nicolaus Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

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

A number of other analysts have also issued reports on the company. National Bankshares decreased their price target on Boyd Group Services from C$310.00 to C$270.00 in a research note on Friday, August 9th. Cormark decreased 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 report on Friday, August 9th. Royal Bank of Canada cut their price target on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. CIBC decreased their price target on shares of Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Finally, Jefferies Financial Group dropped their price objective on Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. 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 company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$288.17.

Boyd Group Services Stock Down 0.1 %

Shares of TSE BYD opened at C$215.32 on Monday. The firm has a market cap of C$4.62 billion, a P/E ratio of 57.42, a price-to-earnings-growth 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 1 year low of C$198.61 and a 1 year high of C$324.75. The firm’s 50 day moving average price is C$214.83 and its 200 day moving average price is C$235.71.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results 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). The business had revenue of C$1.07 billion for 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%. As a group, sell-side analysts anticipate that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Boyd Group Services’s dividend payout ratio (DPR) is presently 16.00%.

Insiders Place Their Bets

In other news, Senior Officer Jeff Murray purchased 456 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is owned by company insiders.

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.