Boyd Group Services Inc. (TSE:BYD) Receives C$277.75 Consensus Target Price from Analysts

Boyd Group Services Inc. (TSE:BYD) has received an average rating of “Buy” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$277.75.

Several brokerages have recently commented on BYD. ATB Capital dropped their target price on shares of Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday, November 6th. Raymond James cut their target price on Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday, November 7th. 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 on the stock in a research note on Wednesday, October 23rd. Stifel Nicolaus lowered their price target on Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Finally, BMO Capital Markets reduced their price objective on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday, November 6th.

Boyd Group Services Stock Performance

Shares of TSE:BYD opened at C$215.00 on Friday. The company has a market capitalization of C$4.62 billion, a P/E ratio of 57.33, a P/E/G ratio of -56.72 and a beta of 0.99. 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 simple moving average is C$216.31 and its 200 day simple moving average is C$224.31. Boyd Group Services has a 1 year low of C$198.61 and a 1 year high of C$324.75.

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

Insider Buying and Selling

In related news, Director Robert Berthold Espey purchased 200 shares of Boyd Group Services stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of C$220.00 per share, for a total transaction of C$44,000.00. 0.37% of the stock is owned by corporate insiders.

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.