BMO Capital Markets Lowers Boyd Group Services (TSE:BYD) Price Target to C$310.00

Boyd Group Services (TSE:BYD) had its target price decreased by BMO Capital Markets from C$330.00 to C$310.00 in a research note released on Wednesday, BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on BYD. CIBC dropped their price objective on Boyd Group Services from C$306.00 to C$304.00 and set an outperform rating on the stock in a research report on Friday, April 19th. ATB Capital raised their price target on shares of Boyd Group Services from C$300.00 to C$350.00 and gave the company an outperform rating in a report on Tuesday, March 12th. National Bankshares increased their price objective on Boyd Group Services from C$260.00 to C$310.00 and gave the company a sector perform rating in a report on Monday, January 29th. Desjardins decreased their price target on shares of Boyd Group Services from C$320.00 to C$310.00 and set a hold rating for the company in a report on Thursday, March 21st. Finally, Cormark dropped their price objective on shares of Boyd Group Services from C$315.00 to C$300.00 in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$317.77.

Boyd Group Services Stock Performance

Shares of Boyd Group Services stock opened at C$262.98 on Wednesday. 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 stock’s fifty day moving average is C$285.17 and its two-hundred day moving average is C$277.64. Boyd Group Services has a 52 week low of C$225.86 and a 52 week high of C$324.75. The company has a market capitalization of C$5.65 billion, a PE ratio of 47.30, a price-to-earnings-growth ratio of -56.72 and a beta of 1.06.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of C$1.01 billion. As a group, analysts expect that Boyd Group Services will post 6.5265983 earnings per share for the current year.

Boyd Group Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. Boyd Group Services’s payout ratio is 10.79%.

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.