Boyd Group Income Fund (TSE:BYD) Given a C$215.00 Price Target at Raymond James

Raymond James set a C$215.00 target price on Boyd Group Income Fund (TSE:BYD) in a report issued on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also commented on BYD. AltaCorp Capital lowered shares of Boyd Group Income Fund from an outperform rating to a sector perform rating in a research note on Wednesday, November 13th. TD Securities lowered shares of Boyd Group Income Fund from a buy rating to a hold rating and upped their price objective for the company from C$215.00 to C$225.00 in a research note on Wednesday, January 8th.

TSE BYD traded up C$5.09 on Wednesday, hitting C$218.09. The company’s stock had a trading volume of 33,292 shares, compared to its average volume of 50,447. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.42 and a current ratio of 0.60. Boyd Group Income Fund has a 1-year low of C$201.63 and a 1-year high of C$219.10. The stock has a market cap of $4.20 billion and a P/E ratio of 57.54.

Boyd Group Income Fund (TSE:BYD) last announced its quarterly earnings results on Wednesday, November 13th. The company reported C$1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.21 by C($0.11). The business had revenue of C$566.96 million for the quarter, compared to analysts’ expectations of C$562.93 million. Analysts predict that Boyd Group Income Fund will post 4.4799999 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, December 31st will be paid a $0.046 dividend. This is a positive change from Boyd Group Income Fund’s previous monthly dividend of $0.05. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Monday, December 30th. Boyd Group Income Fund’s dividend payout ratio is currently 14.22%.

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