Boyd Group Services (TSE:BYD) PT Lowered to C$335.00

Boyd Group Services (TSE:BYD) had its price target lowered by Stifel Nicolaus from C$340.00 to C$335.00 in a research note published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Cormark lowered their price target on shares of Boyd Group Services from C$315.00 to C$300.00 in a research report on Thursday, March 21st. TD Securities upgraded shares of Boyd Group Services from a hold rating to a buy rating and set a C$310.00 price objective on the stock in a research note on Wednesday. Scotiabank increased their price objective on shares of Boyd Group Services from C$315.00 to C$325.00 and gave the stock an outperform rating in a research note on Thursday, March 21st. BMO Capital Markets reduced their price objective on shares of Boyd Group Services from C$350.00 to C$330.00 and set an outperform rating on the stock in a research note on Thursday, March 21st. Finally, ATB Capital increased their price objective on shares of Boyd Group Services from C$300.00 to C$350.00 and gave the stock an outperform rating in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of C$319.31.

Boyd Group Services Price Performance

Shares of BYD opened at C$264.90 on Wednesday. The firm has a market capitalization of C$5.69 billion, a PE ratio of 47.82, a PEG ratio of -56.72 and a beta of 1.06. The company’s 50-day moving average is C$290.74 and its 200-day moving average is C$276.70. Boyd Group Services has a fifty-two week low of C$225.86 and a fifty-two week high of C$324.75. The company has a debt-to-equity ratio of 137.26, a current ratio of 0.63 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last released its quarterly earnings results on Wednesday, March 20th. The company reported C$1.27 EPS for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). Boyd Group Services had a return on equity of 11.00% and a net margin of 2.94%. The business had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$1.01 billion. Equities analysts forecast that Boyd Group Services will post 6.5566397 EPS for the current year.

Boyd Group Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Sunday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Wednesday, March 27th. Boyd Group Services’s dividend payout ratio (DPR) 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.