Boyd Group Services (TSE:BYD) Price Target Cut to C$285.00 by Analysts at Raymond James

Boyd Group Services (TSE:BYD) had its price target lowered by equities researchers at Raymond James from C$295.00 to C$285.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 33.10% from the company’s current price.

A number of other research analysts have also issued reports on BYD. Stifel Nicolaus decreased their target price on Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. TD Securities decreased their target price on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday. CIBC decreased their target price on Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th. Royal Bank of Canada decreased their price objective on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Cormark decreased their price objective on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$277.75.

Boyd Group Services Trading Down 1.9 %

Boyd Group Services stock opened at C$214.12 on Thursday. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75. The firm has a market cap of C$4.60 billion, a PE ratio of 57.10, a P/E/G ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The stock’s 50 day simple moving average is C$213.83 and its two-hundred day simple moving average is C$233.72.

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

Insiders Place Their Bets

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