Boyd Group Services (TSE:BYD) Given New C$255.00 Price Target at Cormark

Boyd Group Services (TSE:BYD) had its price objective reduced by Cormark from C$300.00 to C$255.00 in a report issued on Friday morning, MarketBeat.com reports. They currently have a hold rating on the stock.

A number of other research firms also recently issued reports on BYD. CIBC cut their price target on Boyd Group Services from C$304.00 to C$290.00 and set an outperform rating for the company in a research note on Thursday, May 16th. TD Securities dropped their target price on shares of Boyd Group Services from C$312.00 to C$300.00 in a research report on Friday. National Bankshares dropped their target price on shares of Boyd Group Services from C$310.00 to C$270.00 in a research report on Friday. Scotiabank dropped their target price on shares of Boyd Group Services from C$325.00 to C$275.00 and set an outperform rating on the stock in a research report on Thursday, May 16th. Finally, BMO Capital Markets dropped their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Boyd Group Services has a consensus rating of Moderate Buy and an average price target of C$286.85.

Boyd Group Services Stock Down 2.7 %

BYD stock traded down C$6.01 during mid-day trading on Friday, reaching C$220.00. 113,919 shares of the company traded hands, compared to its average volume of 53,418. The stock has a market cap of C$4.72 billion, a price-to-earnings ratio of 46.41, a P/E/G ratio of -56.72 and a beta of 1.08. The company has a quick ratio of 0.30, a current ratio of 0.59 and a debt-to-equity ratio of 142.10. Boyd Group Services has a fifty-two week low of C$211.22 and a fifty-two week high of C$324.75. The firm’s 50 day moving average price is C$246.88 and its 200 day moving average price is C$269.55.

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

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Sunday, June 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Boyd Group Services’s dividend payout ratio (DPR) is presently 12.66%.

Insider Buying and Selling

In other Boyd Group Services news, Senior Officer Brian Kaner acquired 600 shares of Boyd Group Services stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of C$170.70 per share, for a total transaction of C$102,420.00. Following the purchase, the insider now owns 600 shares of the company’s stock, valued at C$102,420. 0.37% of the stock is currently owned by insiders.

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.