Cormark Lowers Boyd Group Income Fund (TSE:BYD) Price Target to C$190.00

Boyd Group Income Fund (TSE:BYD) had its target price trimmed by Cormark from C$235.00 to C$190.00 in a research note published on Monday morning, BayStreet.CA reports. Cormark also issued estimates for Boyd Group Income Fund’s Q1 2020 earnings at $1.29 EPS, Q2 2020 earnings at $0.80 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $1.58 EPS, FY2020 earnings at $4.64 EPS, Q1 2021 earnings at $1.76 EPS, Q2 2021 earnings at $1.62 EPS, Q3 2021 earnings at $1.78 EPS, Q4 2021 earnings at $1.94 EPS and FY2021 earnings at $7.09 EPS.

A number of other research firms have also weighed in on BYD. Raymond James raised Boyd Group Income Fund from an outperform rating to a strong-buy rating and lowered their target price for the company from C$250.00 to C$230.00 in a research note on Thursday, March 19th. TD Securities lowered their target price on Boyd Group Income Fund from C$225.00 to C$190.00 and set a hold rating for the company in a research note on Thursday, March 19th. BMO Capital Markets lowered their target price on Boyd Group Income Fund from C$245.00 to C$184.00 in a research note on Thursday, March 19th. AltaCorp Capital raised Boyd Group Income Fund from a sector perform rating to an outperform rating and boosted their target price for the company from C$200.00 to C$205.00 in a research note on Thursday, March 19th. Finally, National Bank Financial lowered their target price on Boyd Group Income Fund from C$240.00 to C$200.00 and set an outperform rating for the company in a research note on Thursday, March 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Boyd Group Income Fund currently has a consensus rating of Buy and an average target price of C$196.43.

BYD opened at C$161.55 on Monday. The business has a 50-day moving average price of C$200.84. Boyd Group Income Fund has a 12-month low of C$125.01 and a 12-month high of C$231.52. The company has a debt-to-equity ratio of 160.65, a current ratio of 0.60 and a quick ratio of 0.42. The stock has a market cap of $3.48 billion and a PE ratio of 42.63.

Boyd Group Income Fund (TSE:BYD) last released its earnings results on Wednesday, March 18th. The company reported C$1.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.20 by C$0.05. The company had revenue of C$585.97 million during the quarter, compared to the consensus estimate of C$576.22 million. Research analysts expect that Boyd Group Income Fund will post 5.9399998 EPS for the current fiscal year.

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