Boyd Group Services (TSE:BYD) Given New C$250.00 Price Target at BMO Capital Markets

Boyd Group Services (TSE:BYD) had its target price dropped by research analysts at BMO Capital Markets from C$260.00 to C$250.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 18.53% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. CIBC decreased their target price on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. TD Securities dropped their price target on Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday. Raymond James reduced their price objective on Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Finally, National Bankshares reduced their price target on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday. Two research 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, Boyd Group Services has an average rating of “Buy” and a consensus price target of C$278.58.

Boyd Group Services Price Performance

Shares of BYD stock traded down C$7.38 during trading on Wednesday, hitting C$210.92. The company had a trading volume of 83,927 shares, compared to its average volume of 56,766. The firm has a market capitalization of C$4.53 billion, a P/E ratio of 56.25, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. The stock’s 50-day moving average price is C$214.02 and its 200 day moving average price is C$233.86. Boyd Group Services has a one year low of C$198.61 and a one year high of C$324.75.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share (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 for the quarter, compared to analyst estimates of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. Equities analysts expect that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Jeff Murray bought 456 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of C$223.12 per share, for a total transaction of C$101,742.72. Company 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.