Boyd Group Services Inc. (TSE:BYD) Receives Average Rating of “Buy” from Brokerages

Shares of Boyd Group Services Inc. (TSE:BYD) have been given an average recommendation of “Buy” by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$259.18.

BYD has been the subject of several research reports. Stephens upgraded Boyd Group Services to a “strong-buy” rating and set a C$240.00 price target for the company in a report on Wednesday, June 11th. National Bankshares upped their target price on Boyd Group Services from C$245.00 to C$250.00 and gave the company an “outperform” rating in a research note on Thursday, August 14th. ATB Capital lowered their price target on Boyd Group Services from C$290.00 to C$270.00 and set an “outperform” rating on the stock in a research report on Thursday, August 14th. Stifel Nicolaus increased their target price on Boyd Group Services from C$255.00 to C$260.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Finally, TD Securities cut their price target on Boyd Group Services from C$290.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, May 22nd.

Boyd Group Services Trading Up 1.3%

TSE:BYD opened at C$235.35 on Friday. The stock has a market cap of C$5.05 billion, a PE ratio of 619.34, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30. Boyd Group Services has a fifty-two week low of C$186.10 and a fifty-two week high of C$258.17. The stock’s 50-day moving average is C$211.49 and its two-hundred day moving average is C$211.67.

Boyd Group Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Monday, June 30th were paid a $0.153 dividend. This is a positive change from Boyd Group Services’s previous quarterly dividend of $0.15. This represents a $0.61 annualized dividend and a yield of 0.3%. Boyd Group Services’s dividend payout ratio is presently 114.83%.

Boyd Group Services Company Profile

Boyd Group Services Inc is a personal services company that provides auto body and auto glass repair services at its portfolio of facilities located across the United States and Canada. The company operates in Canada primarily under the Boyd Autobody and Glass brand name, while its most notable U.S. brand is Gerber Collision and Glass.