Boyd Group Services (TSE:BYD) Price Target Lowered to C$300.00 at Jefferies Financial Group

Boyd Group Services (TSE:BYD) had its price objective cut by Jefferies Financial Group from C$325.00 to C$300.00 in a research report issued on Friday, BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential upside of 35.28% from the stock’s previous close.

BYD has been the topic of a number of other reports. National Bankshares cut their price target on shares of Boyd Group Services from C$310.00 to C$270.00 in a report on Friday. Stifel Nicolaus lowered their price target on shares of Boyd Group Services from C$305.00 to C$295.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. TD Securities lowered their target price on Boyd Group Services from C$312.00 to C$300.00 in a research note on Friday. Raymond James reduced their target price 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. Finally, National Bank Financial upgraded Boyd Group Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Group Services presently has an average rating of “Moderate Buy” and an average target price of C$286.85.

Boyd Group Services Stock Down 1.9 %

TSE:BYD traded down C$4.25 on Friday, hitting C$221.76. The stock had a trading volume of 57,954 shares, compared to its average volume of 53,023. Boyd Group Services has a 1 year low of C$211.22 and a 1 year high of C$324.75. The firm’s fifty day simple moving average is C$247.04 and its two-hundred day simple moving average is C$270.18. The stock has a market cap of C$4.76 billion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of -56.72 and a beta of 1.08. The company has a debt-to-equity ratio of 142.10, a quick ratio of 0.30 and a current ratio of 0.59.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.77 EPS for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). The business had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.08 billion. Boyd Group Services had a net margin of 2.46% and a return on equity of 9.30%. Analysts predict that Boyd Group Services will post 4.8300559 earnings per share for the current year.

Insider Buying and Selling at Boyd Group Services

In other news, Senior Officer Brian Kaner acquired 600 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average cost of C$170.70 per share, for a total transaction of C$102,420.00. Following the acquisition, the insider now owns 600 shares of the company’s stock, valued at C$102,420. Company insiders own 0.37% of the company’s stock.

About Boyd Group Services

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.