Boyd Group Services (TSE:BYD) Price Target Lowered to C$245.00 at National Bankshares

Boyd Group Services (TSE:BYD) had its price objective trimmed by National Bankshares from C$270.00 to C$245.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

Several other brokerages also recently issued reports on BYD. Raymond James reduced their price objective on shares of Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Cormark cut their target price on shares of 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. Jefferies Financial Group lowered their price target on shares of Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. CIBC lowered their price target on shares of Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Finally, TD Securities decreased their price objective on shares of Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$278.58.

Boyd Group Services Trading Down 1.9 %

TSE BYD opened at C$214.12 on Wednesday. The stock has a market capitalization of C$4.60 billion, a P/E ratio of 57.10, a P/E/G ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 52-week low of C$198.61 and a 52-week high of C$324.75. The firm has a 50-day moving average price of C$213.83 and a 200 day moving average price of C$233.72. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14.

Boyd Group Services (TSE:BYD) last issued its earnings results 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). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The company had revenue of C$1.03 billion for the quarter, compared to analyst estimates of C$1.03 billion. Equities research analysts expect that Boyd Group Services will post 7.1452646 EPS for the current 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 given a dividend of $0.15 per share. The ex-dividend date was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Boyd Group Services’s dividend payout ratio (DPR) is presently 16.00%.

Insider Activity

In other news, Senior Officer Jeff Murray acquired 456 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of C$223.12 per share, for a total transaction of C$101,742.72. 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.