Boyd Group Services (TSE:BYD) Given New C$285.00 Price Target at Raymond James

Boyd Group Services (TSE:BYD) had its price objective cut by Raymond James from C$295.00 to C$285.00 in a report issued on Thursday morning,BayStreet.CA reports. Raymond James also issued estimates for Boyd Group Services’ Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $1.77 EPS and FY2025 earnings at $4.93 EPS.

BYD has been the subject of a number of other research reports. National Bankshares lowered their price target on Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday. Jefferies Financial Group decreased their target price on Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. Cormark cut their price target on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reduced their price target on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, CIBC dropped their price objective on shares of Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Two equities 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.com, the stock has an average rating of “Buy” and an average target price of C$277.75.

Boyd Group Services Stock Performance

Shares of Boyd Group Services stock opened at C$217.42 on Thursday. The firm has a market capitalization of C$4.67 billion, a P/E ratio of 57.98, a PEG ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 52 week low of C$198.61 and a 52 week high of C$324.75. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. The company has a 50 day moving average price of C$213.62 and a 200 day moving average price of C$233.01.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The company had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.03 billion. Sell-side analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were given a dividend of $0.15 per share. 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 (DPR) is presently 16.00%.

Insider Activity at Boyd Group Services

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