Boyd Group Services Inc. (TSE:BYD) Receives C$277.75 Average Target Price from Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have been assigned an average rating of “Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$277.75.

BYD has been the subject of several recent analyst reports. BMO Capital Markets lowered their target price on shares of Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday, November 6th. Cormark lowered their price objective on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research report on Friday, August 9th. TD Securities lowered their price objective on shares of Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday, November 6th. Jefferies Financial Group lowered 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. Finally, ATB Capital lowered their price objective on shares of Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday, November 6th.

Boyd Group Services Trading Down 0.1 %

Shares of TSE BYD opened at C$217.28 on Friday. The company’s 50 day simple moving average is C$213.47 and its 200 day simple moving average is C$232.51. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week high of C$324.75. The firm has a market capitalization of C$4.67 billion, a P/E ratio of 57.94, 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 current ratio of 0.61 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last issued its earnings results on Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.66 by C($0.46). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The firm had revenue of C$1.03 billion during the quarter, compared to the consensus estimate of C$1.03 billion. On average, analysts predict that Boyd Group Services will post 7.1452646 EPS for the current 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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Friday, September 27th. Boyd Group Services’s dividend payout ratio is currently 16.00%.

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.