Boyd Group Services Inc. (TSE:BYD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$285.69.

Several equities research analysts have issued reports on BYD shares. Royal Bank of Canada dropped their price target on Boyd Group Services from C$308.00 to C$306.00 in a research note on Friday, August 9th. BMO Capital Markets cut 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 note on Monday, July 29th. National Bankshares decreased their price target on shares of Boyd Group Services from C$310.00 to C$270.00 in a research note on Friday, August 9th. Raymond James lowered their price objective on shares of 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, August 7th. Finally, TD Securities reduced their target price on shares of Boyd Group Services from C$312.00 to C$300.00 in a report on Friday, August 9th.

Boyd Group Services Price Performance

BYD stock opened at C$207.19 on Friday. The firm has a 50 day simple moving average of C$225.77 and a two-hundred day simple moving average of C$250.03. The stock has a market cap of C$4.45 billion, a PE ratio of 55.70, a P/E/G ratio of -56.72 and a beta of 1.01. Boyd Group Services has a one year low of C$202.75 and a one year high of C$324.75. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). The company had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.08 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. On average, analysts predict that Boyd Group Services will post 7.1062435 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Monday, September 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Boyd Group Services’s payout ratio is presently 16.13%.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray bought 456 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of C$223.12 per share, for a total transaction of C$101,742.72. 0.37% of the stock is currently owned by corporate 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.