Boyd Group Services Inc. (TSE:BYD) Receives Average Recommendation of “Buy” from Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have earned an average rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$277.75.

BYD has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price objective on shares of Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. TD Securities dropped their price target on Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday, November 6th. Raymond James dropped their price target on Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday, November 7th. ATB Capital dropped their target price on Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their target price on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd.

Boyd Group Services Price Performance

Shares of TSE BYD opened at C$203.31 on Wednesday. The firm has a market capitalization of C$4.37 billion, a P/E ratio of 54.22, a PEG ratio of -56.72 and a beta of 0.99. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75. The company’s fifty day moving average is C$215.97 and its two-hundred day moving average is C$227.75. 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 (TSE:BYD) last issued its earnings results on Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate 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 company had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.03 billion. Analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were issued a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.30%. Boyd Group Services’s dividend payout ratio is presently 16.00%.

Insider Buying and Selling

In related news, Director Robert Berthold Espey acquired 200 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost of C$220.00 per share, with a total value of C$44,000.00. 0.37% of the stock is currently owned by corporate insiders.

About Boyd Group Services

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.