Boyd Group Services (TSE:BYD) Price Target Cut to C$320.00 by Analysts at ATB Capital

Boyd Group Services (TSE:BYD) had its price objective reduced by ATB Capital from C$340.00 to C$320.00 in a report released on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on BYD. Royal Bank of Canada lowered their price objective 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. CIBC dropped their price target on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Raymond James cut their price objective on shares of Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. TD Securities dropped their target price on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday. Finally, Stifel Nicolaus cut their price target on Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$277.75.

Boyd Group Services Stock Down 1.2 %

Boyd Group Services stock opened at C$217.42 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. The company has a market capitalization 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. The firm has a 50 day moving average price of C$213.62 and a 200-day moving average price of C$233.01. 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 quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share 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 the consensus estimate of C$1.03 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. As a group, equities analysts predict that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Dividend Announcement

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

Insiders Place Their Bets

In other Boyd Group Services news, Senior Officer Jeff Murray bought 456 shares of Boyd Group Services stock in a transaction that occurred 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. 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.