Boyd Group Services Inc. (TSE:BYD) Receives Average Recommendation of “Buy” from Analysts

Boyd Group Services Inc. (TSE:BYD) has been given a consensus recommendation of “Buy” by the twelve research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$277.75.

Several equities research analysts have recently issued reports on BYD shares. Stifel Nicolaus decreased their target price on Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. National Bankshares lowered their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday, November 6th. TD Securities dropped their target price on shares of Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday, November 6th. BMO Capital Markets decreased their price target on shares of Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday, November 6th. Finally, ATB Capital dropped their price objective on Boyd Group Services from C$340.00 to C$320.00 in a research note on Wednesday, November 6th.

Boyd Group Services Stock Up 1.0 %

Shares of TSE BYD opened at C$232.48 on Friday. The stock has a market capitalization of C$4.99 billion, a P/E ratio of 61.99, a P/E/G ratio of -56.72 and a beta of 0.99. The company has a 50-day moving average price of C$213.71 and a 200-day moving average price of C$232.04. 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.

Boyd Group Services (TSE:BYD) last announced its 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 business had revenue of C$1.03 billion during 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%. On average, equities research analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

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