Boyd Group Services (TSE:BYD) PT Lowered to C$300.00

Boyd Group Services (TSE:BYD) had its target price reduced by research analysts at TD Securities from C$312.00 to C$300.00 in a research note issued to investors on Friday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 35.28% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. National Bank Financial upgraded Boyd Group Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 15th. Raymond James cut their price target on Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating for the company in a report on Wednesday. Stifel Nicolaus reduced their price target on Boyd Group Services from C$305.00 to C$295.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Royal Bank of Canada cut their target price on Boyd Group Services from C$337.00 to C$308.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Finally, BMO Capital Markets decreased their target price on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$286.85.

Boyd Group Services Stock Down 1.9 %

Shares of BYD traded down C$4.25 during midday trading on Friday, hitting C$221.76. The company had a trading volume of 57,954 shares, compared to its average volume of 53,023. The stock has a market cap of C$4.76 billion, a price-to-earnings ratio of 47.18, a PEG ratio of -56.72 and a beta of 1.08. The company’s 50 day moving average price is C$247.04 and its 200 day moving average price is C$270.18. The company has a quick ratio of 0.30, a current ratio of 0.59 and a debt-to-equity ratio of 142.10. Boyd Group Services has a 52 week low of C$211.22 and a 52 week high of C$324.75.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.77 EPS for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). Boyd Group Services had a return on equity of 9.30% and a net margin of 2.46%. The firm had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.08 billion. On average, equities research analysts predict that Boyd Group Services will post 4.8300559 EPS for the current year.

Insider Activity

In other Boyd Group Services news, Senior Officer Brian Kaner acquired 600 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of C$170.70 per share, with a total value of C$102,420.00. Following the purchase, the insider now owns 600 shares of the company’s stock, valued at C$102,420. 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.