Boyd Group Services (TSE:BYD) Sets New 52-Week Low at $222.78

Boyd Group Services Inc. (TSE:BYD) shares reached a new 52-week low on Tuesday . The company traded as low as C$222.78 and last traded at C$224.50, with a volume of 8462 shares traded. The stock had previously closed at C$227.02.

Analyst Upgrades and Downgrades

Several research firms have commented on BYD. National Bankshares upgraded shares of Boyd Group Services from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$310.00 to C$290.00 in a report on Thursday, May 16th. Scotiabank decreased their target price on Boyd Group Services from C$325.00 to C$275.00 and set an “outperform” rating for the company in a research note on Thursday, May 16th. Jefferies Financial Group dropped their price target on shares of Boyd Group Services from C$340.00 to C$325.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. CIBC dropped their price target on Boyd Group Services from C$304.00 to C$290.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Finally, Stifel Nicolaus decreased their price objective on Boyd Group Services from C$305.00 to C$295.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Boyd Group Services has a consensus rating of “Moderate Buy” and a consensus price target of C$298.46.

Boyd Group Services Stock Down 3.5 %

The firm has a market capitalization of C$4.70 billion, a price-to-earnings ratio of 47.89, a price-to-earnings-growth ratio of -56.72 and a beta of 1.08. 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 firm has a 50 day moving average price of C$247.67 and a two-hundred day moving average price of C$271.37.

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

Boyd Group Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Sunday, June 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, June 28th. Boyd Group Services’s dividend payout ratio (DPR) is 12.66%.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Senior Officer Brian Kaner bought 600 shares of the stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of C$170.70 per share, with a total value of C$102,420.00. Following the acquisition, the insider now directly owns 600 shares of the company’s stock, valued at approximately C$102,420. 0.37% of the stock is currently owned by corporate insiders.

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.