Boyd Group Services Inc. (TSE:BYD) Receives C$285.69 Average Price Target from Brokerages

Shares of Boyd Group Services Inc. (TSE:BYD) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$285.69.

BYD has been the subject of several research reports. CIBC reduced their price target on shares of Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th. BMO Capital Markets reduced their price objective on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a report on Monday, July 29th. TD Securities lowered their target price on shares of Boyd Group Services from C$312.00 to C$300.00 in a report on Friday, August 9th. Royal Bank of Canada cut their price target on Boyd Group Services from C$308.00 to C$306.00 in a research note on Friday, August 9th. Finally, Cormark decreased their price objective on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a report on Friday, August 9th.

Insider Activity at Boyd Group Services

In related news, Senior Officer Jeff Murray acquired 456 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is owned by company insiders.

Boyd Group Services Trading Up 1.1 %

TSE BYD opened at C$207.19 on Friday. Boyd Group Services has a one year low of C$202.75 and a one year high of C$324.75. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The business has a 50 day simple moving average of C$225.77 and a 200 day simple moving average of C$250.03. The stock has a market capitalization of C$4.45 billion, a P/E ratio of 55.70, a P/E/G ratio of -56.72 and a beta of 1.01.

Boyd Group Services (TSE:BYD) last issued its earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.82 by C($0.05). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The company had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.08 billion. Research analysts expect that Boyd Group Services will post 7.1062435 earnings per share for the current year.

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Monday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, September 27th. Boyd Group Services’s payout ratio is currently 16.13%.

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.