Boyd Group Services (TSE:BYD) Price Target Cut to C$250.00 by Analysts at BMO Capital Markets

Boyd Group Services (TSE:BYD) had its price objective trimmed by BMO Capital Markets from C$260.00 to C$250.00 in a report released on Wednesday morning, BayStreet.CA reports.

BYD has been the topic of a number of other research reports. CIBC dropped their price objective on Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Jefferies Financial Group reduced their price objective on shares of Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. TD Securities dropped their target price on shares of Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday. Stifel Nicolaus reduced their price target on shares of Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. Finally, National Bankshares cut their target price on Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$278.58.

Boyd Group Services Stock Performance

Shares of BYD opened at C$214.12 on Wednesday. The stock has a 50-day simple moving average of C$213.83 and a 200-day simple moving average of C$233.72. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. 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 capitalization of C$4.60 billion, a PE ratio of 57.10, a PEG ratio of -56.72 and a beta of 0.99.

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

Boyd Group Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis 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 currently 16.00%.

Insider Transactions at Boyd Group Services

In related news, Senior Officer Jeff Murray purchased 456 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of C$223.12 per share, with a total value of C$101,742.72. Insiders own 0.37% of the company’s stock.

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.