Raymond James Has Lowered Expectations for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective lowered by equities researchers at Raymond James from C$295.00 to C$285.00 in a research report issued on Thursday, BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 33.10% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. TD Securities lowered their price objective on shares of Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday. Jefferies Financial Group reduced their target price on shares of Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. ATB Capital reduced their target price on shares of Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday. National Bankshares reduced their target price on shares of Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday. Finally, Stifel Nicolaus cut their price objective on shares of Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$277.75.

Boyd Group Services Stock Down 1.9 %

TSE:BYD opened at C$214.12 on Thursday. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. The company has a 50-day moving average of C$213.83 and a 200 day moving average of C$233.72. The firm has a market cap of C$4.60 billion, a PE ratio of 57.10, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The business had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.03 billion. As a group, research analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Jeff Murray acquired 456 shares of the stock in a transaction on Monday, August 12th. The shares were acquired at an average price of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is 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.