Boyd Group Services (TSE:BYD) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of Boyd Group Services (TSE:BYD) from a hold rating to a buy rating in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has C$310.00 target price on the stock.

A number of other equities research analysts have also commented on the stock. National Bankshares increased their price objective on shares of Boyd Group Services from C$260.00 to C$310.00 and gave the stock a sector perform rating in a report on Monday, January 29th. Cormark decreased their price target on shares of Boyd Group Services from C$315.00 to C$300.00 in a research note on Thursday, March 21st. CIBC dropped their price objective on shares of Boyd Group Services from C$306.00 to C$304.00 and set an outperform rating for the company in a research report on Friday, April 19th. Stifel Nicolaus reduced their price objective on Boyd Group Services from C$355.00 to C$340.00 in a report on Friday, March 22nd. Finally, Desjardins lowered their target price on Boyd Group Services from C$320.00 to C$310.00 and set a hold rating for the company in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$319.31.

Boyd Group Services Trading Down 1.3 %

Shares of BYD opened at C$264.00 on Wednesday. The stock has a 50 day simple moving average of C$288.17 and a 200-day simple moving average of C$276.98. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 137.26. The stock has a market cap of C$5.67 billion, a PE ratio of 47.48, a PEG ratio of -56.72 and a beta of 1.06. Boyd Group Services has a 1 year low of C$225.86 and a 1 year high of C$324.75.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share for the quarter, missing the consensus estimate of C$1.50 by C($0.23). Boyd Group Services had a return on equity of 11.00% and a net margin of 2.94%. The firm had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1.01 billion. On average, sell-side analysts predict that Boyd Group Services will post 6.5265983 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Sunday, March 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Boyd Group Services’s payout ratio is 10.79%.

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.