Boyd Group Services (TSE:BYD) Price Target Lowered to C$295.00 at Raymond James

Boyd Group Services (TSE:BYD) had its price target reduced by Raymond James from C$325.00 to C$295.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have a strong-buy rating on the stock.

Several other brokerages also recently commented on BYD. BMO Capital Markets cut their target price on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. CIBC dropped their price target on Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. TD Securities decreased their target price on Boyd Group Services from C$312.00 to C$300.00 in a report on Friday, August 9th. Stifel Nicolaus decreased their target price on Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Finally, Cormark decreased their price target on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Boyd Group Services currently has a consensus rating of “Buy” and an average target price of C$285.67.

Boyd Group Services Stock Performance

BYD stock traded up C$0.05 during midday trading on Friday, hitting C$216.75. The company’s stock had a trading volume of 56,990 shares, compared to its average volume of 55,580. Boyd Group Services has a 1 year low of C$198.61 and a 1 year high of C$324.75. The stock has a market cap of C$4.65 billion, a price-to-earnings ratio of 57.80, a PEG ratio of -56.72 and a beta of 0.99. The stock’s 50-day moving average price is C$214.45 and its 200 day moving average price is C$235.18. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.05). The company had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.08 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. On average, equities analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, September 27th. Boyd Group Services’s dividend payout ratio is presently 16.00%.

Insider Buying and Selling

In other Boyd Group Services news, Senior Officer Jeff Murray acquired 456 shares of Boyd Group Services stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is currently owned by 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.