Brokerages Set Boyd Group Services Inc. (TSE:BYD) Target Price at C$277.75

Boyd Group Services Inc. (TSE:BYD) has received an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$277.75.

A number of analysts recently issued reports on the company. ATB Capital reduced their price objective on Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday, November 6th. Cormark reduced their price objective on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research report on Friday, August 9th. BMO Capital Markets reduced their price objective on Boyd Group Services from C$260.00 to C$250.00 in a research report on Wednesday, November 6th. TD Securities reduced their price objective on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their price target on 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.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$210.58 on Wednesday. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. 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 has a market capitalization of C$4.52 billion, a price-to-earnings ratio of 56.15, a P/E/G ratio of -56.72 and a beta of 0.99. The stock’s fifty day simple moving average is C$215.97 and its 200-day simple moving average is C$228.20.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The business had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.03 billion. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were paid a $0.15 dividend. 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 is currently 16.00%.

Insider Activity

In related news, Director Robert Berthold Espey acquired 200 shares of the stock in a transaction dated Tuesday, November 26th. The shares were bought at an average cost of C$220.00 per share, for a total transaction of C$44,000.00. 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.