Boyd Group Services Inc. (TSE:BYD) Receives C$278.08 Consensus PT from Analysts

Boyd Group Services Inc. (TSE:BYD) has earned an average recommendation of “Buy” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$278.08.

A number of research firms have recently issued reports on BYD. ATB Capital lowered their price objective on shares of Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. Raymond James cut their price target on shares of Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday, November 7th. National Bankshares decreased their price objective on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. CIBC upped their target price on Boyd Group Services from C$252.00 to C$272.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada decreased their price target on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd.

Boyd Group Services Price Performance

BYD stock opened at C$236.95 on Thursday. The stock has a 50-day moving average price of C$217.05 and a two-hundred day moving average price of C$220.08. Boyd Group Services has a 1 year low of C$198.61 and a 1 year high of C$324.75. The stock has a market cap of C$5.09 billion, a PE ratio of 63.19, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14.

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

Insiders Place Their Bets

In related news, Director Robert Berthold Espey acquired 200 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost of C$220.00 per share, for a total transaction of C$44,000.00. 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.