Boyd Group Services (TSE:BYD) Trading 0.4% Higher – Still a Buy?

Boyd Group Services Inc. (TSE:BYD)’s stock price rose 0.4% during trading on Thursday . The stock traded as high as C$215.62 and last traded at C$215.46. Approximately 9,914 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 60,272 shares. The stock had previously closed at C$214.70.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Securities decreased their price objective on Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday, November 6th. Raymond James dropped their price objective on shares of Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday, November 7th. National Bankshares decreased their target price on shares of Boyd Group Services from C$270.00 to C$245.00 in a research note on Wednesday, November 6th. BMO Capital Markets cut their price objective on shares of Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price objective on Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$277.75.

Boyd Group Services Price Performance

The stock’s 50-day moving average price is C$216.22 and its 200 day moving average price is C$226.04. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. The firm has a market capitalization of C$4.64 billion, a price-to-earnings ratio of 57.66, a PEG ratio of -56.72 and a beta of 0.99.

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

Insider Activity

In other news, Director Robert Berthold Espey purchased 200 shares of the stock in a transaction on Tuesday, November 26th. The stock was bought at an average price of C$220.00 per share, for a total transaction of C$44,000.00. Insiders own 0.37% of the company’s stock.

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.