Boyd Group Services (TSE:BYD) Stock Price Expected to Rise, CIBC Analyst Says

Boyd Group Services (TSE:BYD) had its price objective increased by stock analysts at CIBC from C$252.00 to C$272.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 27.38% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. TD Securities dropped their target price on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their price objective on shares of Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. BMO Capital Markets reduced their target price on shares of Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday, November 6th. Raymond James dropped their price target on shares of Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday, November 7th. Finally, National Bankshares reduced their price objective on Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$278.08.

Boyd Group Services Stock Performance

TSE:BYD opened at C$213.54 on Monday. Boyd Group Services has a fifty-two week low of C$198.61 and a fifty-two week 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 company has a 50 day moving average price of C$215.58 and a 200 day moving average price of C$221.97. The stock has a market capitalization of C$4.58 billion, a P/E ratio of 56.94, a PEG ratio of -56.72 and a beta of 0.99.

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

Insider Buying and Selling

In related news, Director Robert Berthold Espey purchased 200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of C$220.00 per share, with a total value 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.