Boyd Group Services (TSE:BYD) Trading Down 1.7% – Here’s What Happened

Boyd Group Services Inc. (TSE:BYD) traded down 1.7% on Wednesday . The company traded as low as C$224.67 and last traded at C$224.97. 35,430 shares changed hands during trading, a decline of 36% from the average session volume of 55,718 shares. The stock had previously closed at C$228.80.

Wall Street Analysts Forecast Growth

BYD has been the subject of several research analyst reports. CIBC increased their target price on Boyd Group Services from C$270.00 to C$280.00 in a research note on Wednesday, November 5th. Royal Bank Of Canada increased their price objective on shares of Boyd Group Services from C$272.00 to C$291.00 in a research note on Wednesday, November 5th. Cormark upgraded Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. TD Securities boosted their price target on Boyd Group Services from C$280.00 to C$290.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Desjardins upgraded Boyd Group Services to a “moderate buy” rating in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$265.60.

Boyd Group Services Stock Down 1.7%

The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 150.94. The firm’s 50-day moving average price is C$221.60 and its 200 day moving average price is C$216.76. The firm has a market cap of C$6.26 billion, a P/E ratio of 304.01, a price-to-earnings-growth ratio of -56.72 and a beta of 0.22.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, November 12th. The company reported C$0.62 EPS for the quarter. Boyd Group Services had a net margin of 1.35% and a return on equity of 4.93%. The firm had revenue of C$1.10 billion during the quarter. As a group, research analysts expect that Boyd Group Services Inc. will post 7.1452646 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.153 per share. This represents a $0.61 annualized dividend and a yield of 0.3%. Boyd Group Services’s payout ratio is currently 58.82%.

Boyd Group Services Company Profile

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.