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

Shares of Boyd Group Services Inc. (TSE:BYD) have been given an average rating of “Buy” by the fourteen research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$260.18.

BYD has been the topic of a number of research reports. Laurentian Bank of Canada downgraded Boyd Group Services to a “hold” rating in a research note on Thursday, August 12th. Scotiabank boosted their price target on Boyd Group Services from C$245.00 to C$265.00 in a report on Friday, July 23rd. Raymond James set a C$262.00 price target on Boyd Group Services and gave the company an “outperform” rating in a research report on Friday, August 27th. TD Securities upped their target price on Boyd Group Services from C$255.00 to C$275.00 and gave the stock a “buy” rating in a research report on Monday, August 16th. Finally, National Bank Financial boosted their price target on Boyd Group Services to C$255.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 12th.

Shares of BYD stock traded down C$2.68 during trading hours on Thursday, hitting C$241.94. 12,831 shares of the company’s stock were exchanged, compared to its average volume of 39,104. The firm has a 50 day moving average of C$244.91 and a two-hundred day moving average of C$230.08. Boyd Group Services has a fifty-two week low of C$184.84 and a fifty-two week high of C$256.65. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 96.81. The firm has a market cap of C$5.19 billion and a P/E ratio of 82.50.

Boyd Group Services (TSE:BYD) last posted its earnings results on Wednesday, August 11th. The company reported C$0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.62 by C$0.03. The firm had revenue of C$546.32 million for the quarter, compared to analyst estimates of C$531.58 million. On average, equities analysts forecast that Boyd Group Services will post 4.6986407 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 27th. Stockholders of record on Thursday, September 30th will be paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, September 28th. Boyd Group Services’s payout ratio is currently 14.81%.

Boyd Group Services Company Profile

Boyd Group Services Inc operates non-franchised collision repair centers in the United States and Canada. 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.

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Analyst Recommendations for Boyd Group Services (TSE:BYD)

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