Boyd Group Services (TSE:BYD) PT Raised to C$312.00 at TD Securities

Boyd Group Services (TSE:BYD) had its price objective boosted by TD Securities from C$296.00 to C$312.00 in a research note released on Thursday morning, BayStreet.CA reports.

A number of other equities analysts have also weighed in on BYD. National Bankshares upgraded shares of Boyd Group Services from a hold rating to a buy rating and decreased their price target for the company from C$310.00 to C$290.00 in a report on Thursday, May 16th. Cormark decreased their price target on shares of Boyd Group Services from C$315.00 to C$300.00 in a report on Thursday, March 21st. Scotiabank decreased their price target on shares of Boyd Group Services from C$325.00 to C$275.00 and set an outperform rating on the stock in a report on Thursday, May 16th. Jefferies Financial Group reduced their target price on shares of Boyd Group Services from C$340.00 to C$325.00 and set a buy rating on the stock in a report on Thursday, May 16th. Finally, Raymond James reduced their target price on shares of Boyd Group Services from C$375.00 to C$350.00 and set a strong-buy rating on the stock in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of C$303.08.

Boyd Group Services Stock Down 1.1 %

BYD stock opened at C$258.57 on Thursday. The company’s 50 day simple moving average is C$247.97 and its 200-day simple moving average is C$274.44. The firm has a market capitalization of C$5.55 billion, a PE ratio of 54.55, a P/E/G ratio of -56.72 and a beta of 1.08. Boyd Group Services has a 12 month low of C$224.00 and a 12 month high of C$324.75. The company has a debt-to-equity ratio of 142.10, a current ratio of 0.59 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last released its quarterly earnings results on Wednesday, May 15th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.96 by C($0.37). The business had revenue of C$1.06 billion during the quarter, compared to analyst estimates of C$1.07 billion. Boyd Group Services had a net margin of 2.46% and a return on equity of 9.30%. Equities analysts expect that Boyd Group Services will post 4.8300559 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Sunday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Friday, June 28th. Boyd Group Services’s dividend payout ratio (DPR) is 12.66%.

Insider Transactions at Boyd Group Services

In related news, Senior Officer Brian Kaner bought 600 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of C$170.70 per share, with a total value of C$102,420.00. Following the transaction, the insider now owns 600 shares of the company’s stock, valued at C$102,420. 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.