TD Securities Lowers Boyd Group Services (TSE:BYD) Price Target to C$270.00

Boyd Group Services (TSE:BYD) had its price objective lowered by stock analysts at TD Securities from C$300.00 to C$270.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 28.01% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. BMO Capital Markets dropped their price target on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Stifel Nicolaus dropped their target price on shares of Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Raymond James cut their target price on Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Finally, National Bankshares dropped their price target on Boyd Group Services from C$310.00 to C$270.00 in a research note on Friday, August 9th. Two research 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 stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$278.58.

Boyd Group Services Stock Down 3.4 %

Shares of TSE BYD traded down C$7.38 on Wednesday, hitting C$210.92. The company had a trading volume of 83,927 shares, compared to its average volume of 56,766. The business has a 50 day moving average of C$214.02 and a two-hundred day moving average of C$233.86. The firm has a market capitalization of C$4.53 billion, a P/E ratio of 56.11, a PEG ratio of -56.72 and a beta of 0.99. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. Boyd Group Services has a 12-month low of C$198.61 and a 12-month high of C$324.75.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). The firm had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.03 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. As a group, equities research analysts forecast that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boyd Group Services news, Senior Officer Jeff Murray acquired 456 shares of Boyd Group Services stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of C$223.12 per share, with a total value 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.