Boyd Group Services Inc. (TSE:BYD) Given Consensus Recommendation of “Buy” by Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have been assigned an average rating of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$290.75.

BYD has been the subject of a number of analyst reports. Raymond James reduced 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 research note on Wednesday, August 7th. National Bankshares reduced their price target on shares of Boyd Group Services from C$310.00 to C$270.00 in a research report on Friday, August 9th. Royal Bank of Canada decreased their price target on shares of Boyd Group Services from C$308.00 to C$306.00 in a report on Friday, August 9th. TD Securities dropped their price objective on Boyd Group Services from C$312.00 to C$300.00 in a research note on Friday, August 9th. Finally, CIBC decreased their target price on Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th.

Boyd Group Services Trading Up 0.8 %

TSE:BYD opened at C$217.32 on Tuesday. Boyd Group Services has a 1 year low of C$198.61 and a 1 year high of C$324.75. The stock’s fifty day moving average price is C$216.01 and its two-hundred day moving average price is C$238.98. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The company has a market cap of C$4.67 billion, a P/E ratio of 57.95, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last issued 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 analysts’ expectations of C$1.08 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. As a group, analysts expect that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, September 27th. Boyd Group Services’s dividend payout ratio (DPR) 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 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. 0.37% of the stock is owned by corporate insiders.

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.