Boyd Group Services (TSE:BYD) Price Target Raised to C$280.00

Boyd Group Services (TSE:BYD) had its target price raised by ATB Capital from C$275.00 to C$280.00 in a report published on Thursday morning,BayStreet.CA reports.

BYD has been the topic of a number of other research reports. CIBC lifted their price objective on Boyd Group Services from C$270.00 to C$280.00 in a report on Wednesday, November 5th. Cormark raised Boyd Group Services from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Desjardins raised Boyd Group Services to a “moderate buy” rating in a report on Tuesday, November 4th. National Bankshares increased their price objective on Boyd Group Services from C$245.00 to C$250.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada raised their target price on Boyd Group Services from C$272.00 to C$291.00 in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$265.60.

Boyd Group Services Stock Performance

Shares of BYD opened at C$217.11 on Thursday. The stock has a market capitalization of C$6.04 billion, a P/E ratio of 571.34, a P/E/G ratio of -56.72 and a beta of 0.32. The company has a debt-to-equity ratio of 150.94, a quick ratio of 0.30 and a current ratio of 0.70. Boyd Group Services has a 1 year low of C$186.10 and a 1 year high of C$258.17. The company’s fifty day moving average is C$224.35 and its two-hundred day moving average is C$214.14.

Boyd Group Services (TSE:BYD) last issued its earnings results on Wednesday, November 12th. The company reported C$0.62 earnings per share for the quarter. Boyd Group Services had a net margin of 1.35% and a return on equity of 4.93%. The business had revenue of C$1.10 billion for the quarter. On average, sell-side analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Boyd Group Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Tuesday, September 30th were paid a $0.153 dividend. This represents a $0.61 annualized dividend and a yield of 0.3%. Boyd Group Services’s payout ratio is currently 114.83%.

About Boyd Group Services

Boyd Group Services Inc is a personal services company that provides auto body and auto glass repair services at its portfolio of facilities located across the United States and Canada. The company operates in Canada primarily under the Boyd Autobody and Glass brand name, while its most notable U.S. brand is Gerber Collision and Glass.