Boyd Group Services Inc. (TSE:BYD) Receives Consensus Recommendation of “Buy” from Analysts

Boyd Group Services Inc. (TSE:BYD) has been given a consensus rating of “Buy” by the twelve research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$301.85.

Several research analysts have commented on the stock. National Bank Financial raised shares of Boyd Group Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 15th. Raymond James lowered their price target on shares of Boyd Group Services from C$375.00 to C$350.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. Desjardins raised shares of Boyd Group Services from a “hold” rating to a “moderate buy” rating in a report on Wednesday, May 15th. Jefferies Financial Group lowered their price target on shares of Boyd Group Services from C$340.00 to C$325.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Finally, Royal Bank of Canada lowered their price target on shares of Boyd Group Services from C$337.00 to C$308.00 and set an “outperform” rating for the company in a report on Thursday, May 16th.

Boyd Group Services Stock Down 0.1 %

BYD opened at C$247.90 on Friday. The firm has a 50-day simple moving average of C$248.44 and a two-hundred day simple moving average of C$275.17. Boyd Group Services has a 52 week low of C$224.00 and a 52 week high of C$324.75. The company has a market capitalization of C$5.32 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of -56.72 and a beta of 1.08. The company has a quick ratio of 0.30, a current ratio of 0.59 and a debt-to-equity ratio of 142.10.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, May 15th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.96 by C($0.37). Boyd Group Services had a net margin of 2.46% and a return on equity of 9.30%. The company had revenue of C$1.06 billion for the quarter, compared to the consensus estimate of C$1.07 billion. Analysts forecast that Boyd Group Services will post 4.8300559 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, June 28th. Boyd Group Services’s dividend payout ratio (DPR) is presently 12.66%.

Insider Transactions at Boyd Group Services

In related news, Senior Officer Brian Kaner bought 600 shares of Boyd Group Services stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of C$170.70 per share, with a total value of C$102,420.00. Following the completion of the transaction, the insider now owns 600 shares in the company, valued at approximately C$102,420. Corporate insiders own 0.37% of the company’s stock.

Boyd Group Services Company Profile

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.