Boyd Group Services (TSE:BYD) Price Target Cut to C$304.00

Boyd Group Services (TSE:BYD) had its target price dropped by CIBC from C$306.00 to C$304.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 12.48% from the stock’s previous close.

Several other brokerages have also recently commented on BYD. Stifel Nicolaus reduced their price objective on shares of Boyd Group Services from C$355.00 to C$340.00 in a research note on Friday, March 22nd. TD Securities downgraded Boyd Group Services from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$320.00 to C$310.00 in a research note on Thursday, March 21st. Desjardins decreased their target price on Boyd Group Services from C$320.00 to C$310.00 and set a “hold” rating on the stock in a research report on Thursday, March 21st. National Bankshares lifted their price target on Boyd Group Services from C$260.00 to C$310.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. Finally, Jefferies Financial Group increased their price objective on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$319.69.

Boyd Group Services Price Performance

Shares of TSE BYD traded down C$4.48 during midday trading on Friday, hitting C$270.26. The stock had a trading volume of 35,303 shares, compared to its average volume of 35,949. The stock has a 50 day simple moving average of C$297.94 and a 200-day simple moving average of C$275.04. Boyd Group Services has a 1 year low of C$212.82 and a 1 year high of C$324.75. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 137.26. The company has a market capitalization of C$5.80 billion, a PE ratio of 48.78, a P/E/G ratio of -56.72 and a beta of 1.06.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share for the quarter, missing the consensus estimate of C$1.50 by C($0.23). Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. The firm had revenue of C$1.01 billion for the quarter, compared to analyst estimates of C$1.01 billion. On average, sell-side analysts expect that Boyd Group Services will post 6.5566397 EPS for the current fiscal year.

Boyd Group Services Company Profile

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.