ATB Capital Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price objective dropped by ATB Capital from C$340.00 to C$320.00 in a research report issued on Wednesday, BayStreet.CA reports. ATB Capital’s target price points to a potential upside of 51.72% from the company’s previous close.

A number of other brokerages also recently commented on BYD. BMO Capital Markets decreased their target price on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday. Royal Bank of Canada dropped their price target on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Cormark decreased their target price on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Raymond James reduced their price objective on Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Finally, National Bankshares decreased their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Group Services currently has an average rating of “Buy” and an average price target of C$278.58.

Boyd Group Services Price Performance

BYD traded down C$7.38 during midday trading on Wednesday, reaching C$210.92. 83,927 shares of the company’s stock were exchanged, compared to its average volume of 56,790. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$324.75. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The business’s 50-day moving average price is C$214.02 and its 200 day moving average price is C$233.86. The stock has a market capitalization of C$4.53 billion, a PE ratio of 56.25, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). The company had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. As a group, equities analysts anticipate that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Insider Activity at Boyd Group Services

In other news, Senior Officer Jeff Murray bought 456 shares of the business’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is owned by company 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.