Boyd Group Services (TSE:BYD) Price Target Cut to C$280.00

Boyd Group Services (TSE:BYD) had its price target trimmed by Royal Bank of Canada from C$306.00 to C$280.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus reduced their price target on shares of Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. National Bankshares decreased their target price on Boyd Group Services from C$310.00 to C$270.00 in a research report on Friday, August 9th. BMO Capital Markets lowered their price target on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Jefferies Financial Group reduced their price objective on Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. Finally, Raymond James lowered their target price on shares of Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating for the company in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$288.58.

Boyd Group Services Trading Up 1.0 %

TSE:BYD opened at C$212.93 on Wednesday. The stock has a market cap of C$4.57 billion, a price-to-earnings ratio of 56.78, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. The business’s 50-day simple moving average is C$215.51 and its 200 day simple moving average is C$237.30.

Boyd Group Services (TSE:BYD) last announced its earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). The business had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. As a group, sell-side analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Monday, September 30th will be given a $0.15 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.28%. Boyd Group Services’s dividend payout ratio is presently 16.00%.

Insider Buying and Selling at Boyd Group Services

In other news, Senior Officer Jeff Murray purchased 456 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is currently owned by company insiders.

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.