Boyd Group Services (TSE:BYD) PT Lowered to C$268.00 at CIBC

Boyd Group Services (TSE:BYD) had its price target dropped by analysts at CIBC from C$290.00 to C$268.00 in a report issued on Friday, BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 21.82% from the stock’s current price.

Several other brokerages have also recently weighed in on BYD. Desjardins upgraded Boyd Group Services from a “hold” rating to a “moderate buy” rating in a report on Wednesday, May 15th. National Bank Financial upgraded Boyd Group Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 15th. ATB Capital reduced their price target on Boyd Group Services from C$345.00 to C$340.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. National Bankshares reduced their price target on Boyd Group Services from C$310.00 to C$270.00 in a report on Friday. Finally, Cormark reduced their price target on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Boyd Group Services currently has a consensus rating of “Moderate Buy” and an average price target of C$286.85.

Boyd Group Services Stock Down 2.7 %

Shares of TSE BYD traded down C$6.01 during mid-day trading on Friday, hitting C$220.00. The company had a trading volume of 113,919 shares, compared to its average volume of 53,418. The company has a market capitalization of C$4.72 billion, a PE ratio of 46.41, a price-to-earnings-growth ratio of -56.72 and a beta of 1.08. The firm has a 50-day simple moving average of C$246.88 and a two-hundred day simple moving average of C$269.55. The company has a current ratio of 0.59, a quick ratio of 0.30 and a debt-to-equity ratio of 142.10. Boyd Group Services has a one year low of C$211.22 and a one year high of C$324.75.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.05). The company had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.08 billion. Boyd Group Services had a net margin of 2.46% and a return on equity of 9.30%. On average, equities analysts expect that Boyd Group Services will post 4.8300559 EPS for the current year.

Insider Buying and Selling at Boyd Group Services

In related news, Senior Officer Brian Kaner acquired 600 shares of the firm’s 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 completion of the acquisition, the insider now directly owns 600 shares of the company’s stock, valued at approximately C$102,420. Company 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.