TD Securities Cuts Boyd Group Services (TSE:BYD) Price Target to C$270.00

Boyd Group Services (TSE:BYD) had its price objective lowered by TD Securities from C$300.00 to C$270.00 in a report issued on Wednesday morning,BayStreet.CA reports.

A number of other research analysts have also recently weighed in on BYD. BMO Capital Markets dropped 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 research report on Monday, July 29th. Royal Bank of Canada cut their target price on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. National Bankshares lowered their price target on shares of Boyd Group Services from C$310.00 to C$270.00 in a research report on Friday, August 9th. CIBC dropped their price objective on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Finally, Cormark reduced their target price on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Group Services presently has a consensus rating of “Buy” and an average target price of C$277.75.

Boyd Group Services Stock Down 1.2 %

BYD stock opened at C$217.42 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The company’s 50-day moving average price is C$213.62 and its 200 day moving average price is C$233.25. Boyd Group Services has a 52 week low of C$198.61 and a 52 week high of C$324.75. The company has a market cap of C$4.67 billion, a P/E ratio of 57.98, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.66 by C($0.46). The firm had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. On average, research analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Friday, September 27th. Boyd Group Services’s dividend payout ratio is currently 16.00%.

Insider Buying and Selling

In related news, Senior Officer Jeff Murray purchased 456 shares of the business’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of C$223.12 per share, with a total value of C$101,742.72. Corporate insiders own 0.37% of the company’s stock.

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.