TD Securities Lowers Boyd Group Services (TSE:BYD) Price Target to C$270.00

Boyd Group Services (TSE:BYD) had its target price decreased by TD Securities from C$300.00 to C$270.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

A number of other analysts have also recently commented on the company. National Bankshares dropped their price objective on Boyd Group Services from C$310.00 to C$270.00 in a research report on Friday, August 9th. Jefferies Financial Group cut their price objective on shares of Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. BMO Capital Markets decreased their target price on shares of 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. Raymond James lowered their target price on shares of Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Finally, Stifel Nicolaus reduced their price target on Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Boyd Group Services presently has an average rating of “Buy” and an average target price of C$277.75.

Boyd Group Services Stock Down 1.2 %

Shares of TSE BYD opened at C$217.42 on Wednesday. The firm’s 50-day moving average is C$213.62 and its two-hundred day moving average is C$233.01. The company has a market capitalization of C$4.67 billion, a PE ratio of 57.98, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 12-month low of C$198.61 and a 12-month 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.

Boyd Group Services (TSE:BYD) last announced its earnings results on Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). The company had revenue of C$1.03 billion for the quarter, compared to analyst estimates of C$1.03 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. Equities analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders 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 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 Transactions at Boyd Group Services

In other news, Senior Officer Jeff Murray bought 456 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of C$223.12 per share, for a total transaction of C$101,742.72. Company 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.