Boyd Group Services (TSE:BYD) Price Target Cut to C$295.00

Boyd Group Services (TSE:BYD) had its target price lowered by Stifel Nicolaus from C$305.00 to C$295.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Scotiabank decreased their price target on shares of Boyd Group Services from C$325.00 to C$275.00 and set an outperform rating for the company in a report on Thursday, May 16th. Jefferies Financial Group decreased their price target on shares of Boyd Group Services from C$340.00 to C$325.00 and set a buy rating for the company in a report on Thursday, May 16th. National Bankshares upgraded shares of Boyd Group Services from a hold rating to a buy rating and reduced their target price for the company from C$310.00 to C$290.00 in a research note on Thursday, May 16th. BMO Capital Markets reduced their target price on shares of Boyd Group Services from C$280.00 to C$260.00 and set an outperform rating for the company in a research note on Monday. 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 for the company in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$298.46.

Boyd Group Services Stock Down 1.3 %

Boyd Group Services stock traded down C$3.03 during mid-day trading on Thursday, hitting C$227.99. 1,725 shares of the company’s stock were exchanged, compared to its average volume of 52,051. The company has a current ratio of 0.59, a quick ratio of 0.30 and a debt-to-equity ratio of 142.10. The stock has a market cap of C$4.89 billion, a P/E ratio of 48.74, a P/E/G ratio of -56.72 and a beta of 1.08. Boyd Group Services has a 1-year low of C$224.00 and a 1-year high of C$324.75. The stock has a 50 day moving average of C$247.94 and a two-hundred day moving average of C$272.18.

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

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Sunday, June 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Friday, June 28th. Boyd Group Services’s payout ratio is 12.66%.

Insider Transactions at Boyd Group Services

In other news, Senior Officer Brian Kaner acquired 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 completion of the acquisition, the insider now owns 600 shares in the company, valued at approximately C$102,420. Company insiders own 0.37% of the company’s stock.

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.