Boyd Group Services (TSE:BYD) Price Target Lowered to C$304.00 at CIBC

Boyd Group Services (TSE:BYD) had its price objective reduced by CIBC from C$306.00 to C$304.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently commented on BYD. Jefferies Financial Group upped their target price on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the stock a buy rating in a research report on Thursday, March 21st. Raymond James decreased their price objective on shares of Boyd Group Services from C$380.00 to C$375.00 and set a strong-buy rating for the company in a report on Thursday, March 21st. Scotiabank boosted their target price on Boyd Group Services from C$315.00 to C$325.00 and gave the stock an outperform rating in a report on Thursday, March 21st. National Bankshares increased their price target on Boyd Group Services from C$260.00 to C$310.00 and gave the company a sector perform rating in a research note on Monday, January 29th. Finally, BMO Capital Markets lowered their price target on Boyd Group Services from C$350.00 to C$330.00 and set an outperform rating on the stock in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$319.69.

Boyd Group Services Price Performance

Shares of BYD stock opened at C$271.83 on Friday. The firm has a market cap of C$5.84 billion, a P/E ratio of 49.07, a P/E/G ratio of -56.72 and a beta of 1.06. The firm has a fifty day moving average of C$296.60 and a two-hundred day moving average of C$275.92. The company has a debt-to-equity ratio of 137.26, a current ratio of 0.63 and a quick ratio of 0.30. Boyd Group Services has a 1-year low of C$213.66 and a 1-year high of C$324.75.

Boyd Group Services (TSE:BYD) last issued its earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). The business had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1.01 billion. Boyd Group Services had a return on equity of 11.00% and a net margin of 2.94%. As a group, research analysts anticipate that Boyd Group Services will post 6.5566397 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Sunday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. Boyd Group Services’s payout ratio is 10.83%.

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.