Analysts Set Boyd Group Services Inc. (TSE:BYD) Price Target at C$319.69

Shares of Boyd Group Services Inc. (TSE:BYD) have earned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$319.69.

BYD has been the subject of a number of analyst reports. National Bankshares raised their price objective on Boyd Group Services from C$260.00 to C$310.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Jefferies Financial Group raised their price objective on Boyd Group Services from C$290.00 to C$340.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Stifel Nicolaus lowered their price objective on Boyd Group Services from C$355.00 to C$340.00 in a research report on Friday, March 22nd. Royal Bank of Canada lowered their price objective on Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. Finally, ATB Capital raised their price objective on Boyd Group Services from C$300.00 to C$350.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th.

Boyd Group Services Price Performance

Shares of BYD stock opened at C$258.54 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 137.26. Boyd Group Services has a twelve month low of C$214.04 and a twelve month high of C$324.75. The company has a market cap of C$5.55 billion, a P/E ratio of 46.67, a P/E/G ratio of -56.72 and a beta of 1.06. The business has a fifty day simple moving average of C$295.04 and a 200 day simple moving average of C$276.00.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, March 20th. The company reported C$1.27 EPS for the quarter, missing the consensus estimate of C$1.50 by C($0.23). The firm had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1.01 billion. Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. On average, sell-side analysts forecast that Boyd Group Services will post 6.5566397 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Sunday, March 31st will be issued a $0.15 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. Boyd Group Services’s dividend payout ratio is presently 10.83%.

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.