ATB Capital Lowers Boyd Group Services (TSE:BYD) Price Target to C$320.00

Boyd Group Services (TSE:BYD) had its price target trimmed by ATB Capital from C$340.00 to C$320.00 in a report released on Wednesday, BayStreet.CA reports.

Several other brokerages have also recently issued reports on BYD. Cormark decreased their target price on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a report on Friday, August 9th. TD Securities decreased their price objective on shares of Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday. BMO Capital Markets decreased their price objective on shares of Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday. Royal Bank of Canada decreased their price objective on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Raymond James decreased their price objective on shares of Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. 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, the company presently has a consensus rating of “Buy” and an average price target of C$278.58.

Boyd Group Services Trading Down 1.9 %

BYD stock opened at C$214.12 on Wednesday. The company’s 50 day moving average price is C$213.83 and its two-hundred day moving average price is C$233.72. 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 has a one year low of C$198.61 and a one year high of C$324.75. The company 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.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). The business had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. As a group, analysts predict that Boyd Group Services will post 7.1452646 earnings per share 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 given a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.28%. Boyd Group Services’s dividend payout ratio is presently 16.00%.

Insider Activity

In other Boyd Group Services news, Senior Officer Jeff Murray bought 456 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of C$223.12 per share, for a total transaction of C$101,742.72. 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.