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

Boyd Group Services Inc. (TSE:BYD) has received a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$319.69.

Several equities research analysts recently weighed in on BYD shares. Scotiabank lifted their price objective on Boyd Group Services from C$315.00 to C$325.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. TD Securities downgraded shares of Boyd Group Services from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$320.00 to C$310.00 in a research note on Thursday, March 21st. National Bankshares upped their price target on shares of Boyd Group Services from C$260.00 to C$310.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. Raymond James reduced their price objective on shares of Boyd Group Services from C$380.00 to C$375.00 and set a “strong-buy” rating for the company in a research note on Thursday, March 21st. Finally, BMO Capital Markets dropped their target price on Boyd Group Services from C$350.00 to C$330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st.

Boyd Group Services Stock Performance

Shares of BYD stock opened at C$253.03 on Tuesday. Boyd Group Services has a 52 week low of C$225.68 and a 52 week high of C$324.75. The firm’s 50-day simple moving average is C$291.71 and its two-hundred day simple moving average is C$276.56. The firm has a market cap of C$5.43 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of -56.72 and a beta of 1.06. The company has a debt-to-equity ratio of 137.26, a quick ratio of 0.30 and a current ratio of 0.63.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Wednesday, March 20th. The company reported C$1.27 EPS for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). Boyd Group Services had a return on equity of 11.00% and a net margin of 2.94%. The company had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1.01 billion. As a group, equities analysts forecast that Boyd Group Services will post 6.5566397 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Sunday, March 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. Boyd Group Services’s payout ratio is currently 10.83%.

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.