Boyd Group Services (TSE:BYD) Price Target Cut to C$270.00 by Analysts at TD Securities

Boyd Group Services (TSE:BYD) had its price target lowered by TD Securities from C$300.00 to C$270.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.

BYD has been the topic of several other research reports. Stifel Nicolaus cut their target price on Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. BMO Capital Markets lowered their target price on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. CIBC lowered their target price on Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Cormark decreased their price objective on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Finally, Royal Bank of Canada decreased their price objective on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$278.58.

Boyd Group Services Stock Performance

TSE:BYD opened at C$214.12 on Wednesday. The stock’s 50-day simple moving average is C$213.83 and its 200 day simple moving average is C$233.72. Boyd Group Services has a twelve month low of C$198.61 and a twelve month high of C$324.75. The firm has a market capitalization of C$4.60 billion, a PE ratio of 57.10, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14.

Boyd Group Services (TSE:BYD) last issued 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 company had revenue of C$1.03 billion for the quarter, compared to the consensus estimate of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. On average, analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Boyd Group Services’s dividend payout ratio is presently 16.00%.

Insider Buying and Selling

In related news, Senior Officer Jeff Murray acquired 456 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is owned by company 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.