Stifel Nicolaus Cuts Boyd Group Services (TSE:BYD) Price Target to C$295.00

Boyd Group Services (TSE:BYD) had its price target cut by equities researchers at Stifel Nicolaus from C$305.00 to C$295.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 28.08% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group cut their price target on shares of Boyd Group Services from C$340.00 to C$325.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. TD Securities lifted their price target on shares of Boyd Group Services from C$296.00 to C$312.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Scotiabank cut their price target on shares of Boyd Group Services from C$325.00 to C$275.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. CIBC cut their price target on shares of Boyd Group Services from C$304.00 to C$290.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Finally, Desjardins raised shares of Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$298.46.

Boyd Group Services Price Performance

TSE:BYD traded down C$1.16 during mid-day trading on Thursday, reaching C$230.32. The stock had a trading volume of 28,300 shares, compared to its average volume of 52,243. The stock has a 50-day simple moving average of C$248.02 and a two-hundred day simple moving average of C$272.76. The stock has a market capitalization of C$4.94 billion, a PE ratio of 48.59, a P/E/G ratio of -56.72 and a beta of 1.08. The company has a debt-to-equity ratio of 142.10, a current ratio of 0.59 and a quick ratio of 0.30. Boyd Group Services has a 12 month low of C$224.00 and a 12 month high of C$324.75.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, May 15th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.96 by C($0.37). The firm had revenue of C$1.06 billion during the quarter, compared to the consensus estimate of C$1.07 billion. Boyd Group Services had a net margin of 2.46% and a return on equity of 9.30%. On average, equities analysts anticipate that Boyd Group Services will post 4.8300559 earnings per share for the current year.

Insider Activity at Boyd Group Services

In related news, Senior Officer Brian Kaner bought 600 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average price of C$170.70 per share, with a total value of C$102,420.00. Following the completion of the transaction, the insider now directly owns 600 shares in the company, valued at C$102,420. 0.37% of the stock is owned by 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.