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

Boyd Group Services Inc. (TSE:BYD) has received an average rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$319.69.

BYD has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on Boyd Group Services from C$355.00 to C$340.00 in a report on Friday, March 22nd. ATB Capital upped their target price on Boyd Group Services from C$300.00 to C$350.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 12th. Scotiabank lifted their price target on shares of Boyd Group Services from C$315.00 to C$325.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Royal Bank of Canada cut their price target on shares of Boyd Group Services from C$348.00 to C$337.00 and set an “outperform” rating for the company in a report on Thursday, March 21st. Finally, Raymond James decreased their price objective on shares of Boyd Group Services from C$380.00 to C$375.00 and set a “strong-buy” rating on the stock in a report on Thursday, March 21st.

Boyd Group Services Stock Performance

BYD opened at C$257.23 on Tuesday. The firm has a fifty day moving average price of C$292.89 and a 200 day moving average price of C$276.23. Boyd Group Services has a 1 year low of C$217.93 and a 1 year high of C$324.75. The stock has a market cap of C$5.52 billion, a P/E ratio of 46.43, a P/E/G ratio of -56.72 and a beta of 1.06. The company has a debt-to-equity ratio of 137.26, a current ratio of 0.63 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, March 20th. The company reported C$1.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. The firm had revenue of C$1.01 billion during the quarter, compared to analysts’ expectations of C$1.01 billion. Equities research analysts anticipate that Boyd Group Services will post 6.5566397 earnings per share for the current year.

Boyd Group Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Sunday, March 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Boyd Group Services’s dividend payout ratio (DPR) is 10.83%.

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.