Stifel Canada Brokers Cut Earnings Estimates for TSE:BYD

Boyd Group Services Inc. (TSE:BYD) – Equities researchers at Stifel Canada lowered their FY2024 earnings per share estimates for shares of Boyd Group Services in a research report issued on Sunday, March 2nd. Stifel Canada analyst D. Young now forecasts that the company will earn $2.27 per share for the year, down from their prior estimate of $2.29. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Stifel Canada also issued estimates for Boyd Group Services’ FY2025 earnings at $4.64 EPS and FY2026 earnings at $6.80 EPS.

A number of other brokerages have also recently commented on BYD. CIBC raised their target price on Boyd Group Services from C$276.00 to C$281.00 in a report on Friday, February 28th. TD Securities raised their target price on Boyd Group Services from C$270.00 to C$290.00 and gave the company a “buy” rating in a report on Thursday, January 30th. ATB Capital lowered their target price on Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. National Bankshares lowered their target price on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets lowered their target price on Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$280.50.

Boyd Group Services Stock Performance

TSE BYD opened at C$238.38 on Wednesday. The stock has a fifty day simple moving average of C$229.22 and a 200-day simple moving average of C$220.61. Boyd Group Services has a twelve month low of C$198.61 and a twelve month high of C$318.58. The stock has a market cap of C$3.61 billion, a PE ratio of 87.80, a P/E/G ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94.

Boyd Group Services Company Profile

Boyd Group Services Inc is a personal services company that provides auto body and auto glass repair services at its portfolio of facilities located across the United States and Canada. The company operates in Canada primarily under the Boyd Autobody and Glass brand name, while its most notable U.S. brand is Gerber Collision and Glass.