Boyd Group Services Inc. (TSE:BYD) Given Average Rating of “Buy” by Analysts

Shares of Boyd Group Services Inc. (TSE:BYD) have been assigned an average recommendation of “Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$277.75.

A number of analysts have weighed in on the stock. National Bankshares cut their target price on shares of Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday, November 6th. BMO Capital Markets cut their target price on shares of Boyd Group Services from C$260.00 to C$250.00 in a research report on Wednesday, November 6th. Cormark cut their target price on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. TD Securities cut their target price on shares of Boyd Group Services from C$300.00 to C$270.00 in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group cut their target price on shares of Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th.

Boyd Group Services Stock Up 1.0 %

Shares of BYD opened at C$232.48 on Friday. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75. The firm’s 50 day moving average is C$213.71 and its 200-day moving average is C$232.04. The stock has a market capitalization of C$4.99 billion, a PE ratio of 61.99, a P/E/G 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 results on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.66 by C($0.46). The firm had revenue of C$1.03 billion for the quarter, compared to analyst estimates of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. Equities research analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Friday, September 27th. Boyd Group Services’s dividend payout ratio (DPR) is currently 16.00%.

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.