Boyd Group Services (TSE:BYD) Given New C$295.00 Price Target at Raymond James

Boyd Group Services (TSE:BYD) had its target price decreased by Raymond James from C$325.00 to C$295.00 in a research note issued to investors on Friday, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock.

Several other research analysts also recently weighed in on BYD. BMO Capital Markets reduced their price target on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. TD Securities reduced their target price on Boyd Group Services from C$312.00 to C$300.00 in a report on Friday, August 9th. Royal Bank of Canada lowered their price target on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. National Bankshares dropped their price objective on shares of Boyd Group Services from C$310.00 to C$270.00 in a research note on Friday, August 9th. Finally, Stifel Nicolaus reduced their price target on shares of Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$285.67.

Boyd Group Services Price Performance

Shares of Boyd Group Services stock opened at C$219.31 on Friday. The firm has a market cap of C$4.71 billion, a PE ratio of 58.28, a P/E/G ratio of -56.72 and a beta of 0.99. The business has a 50-day moving average price of C$214.45 and a 200 day moving average price of C$234.61. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. Boyd Group Services has a twelve month low of C$198.61 and a twelve month high of C$324.75.

Boyd Group Services (TSE:BYD) last announced its earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.05). The business had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.08 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Monday, September 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, September 27th. Boyd Group Services’s dividend payout ratio (DPR) is presently 16.00%.

Insiders Place Their Bets

In related news, Senior Officer Jeff Murray bought 456 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired 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 owned by corporate 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.