Boyd Group Services (TSE:BYD) Stock Gets Price Target Cut from Royal Bank Of Canada

Boyd Group Services (TSE:BYD) had its target price lowered by Royal Bank Of Canada from C$224.00 to C$193.00 in a research note released on Thursday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently commented on BYD. Desjardins cut their target price on Boyd Group Services from C$225.00 to C$205.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets lowered their price target on Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday, August 13th. Scotiabank dropped their price objective on Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 13th. National Bank Financial increased their price objective on Boyd Group Services from C$265.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Finally, TD cut their price objective on Boyd Group Services from C$200.00 to C$175.00 and set a “top pick” rating for the company in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$196.14.

Boyd Group Services Stock Up 0.2%

Shares of BYD opened at C$106.48 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.59 and a debt-to-equity ratio of 118.40. The company has a 50-day moving average price of C$115.65 and a two-hundred day moving average price of C$154.03. The stock has a market cap of C$2.96 billion, a price-to-earnings ratio of 236.62, a P/E/G ratio of -56.72 and a beta of 1.20. Boyd Group Services has a 12 month low of C$105.65 and a 12 month high of C$248.23.

Boyd Group Services (TSE:BYD) last released its quarterly earnings data on Wednesday, November 11th. The company reported C$0.97 earnings per share for the quarter. Boyd Group Services had a negative return on equity of 0.09% and a negative net margin of 0.04%. The company had revenue of C$1.44 billion for the quarter. Equities analysts predict that Boyd Group Services will post 7.15 EPS for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other news, insider Jeff Murray bought 350 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was bought at an average price of C$111.17 per share, for a total transaction of C$38,909.50. Following the completion of the purchase, the insider owned 7,700 shares of the company’s stock, valued at approximately C$856,009. The trade was a 4.76% increase in their position. Insiders own 0.37% of the company’s stock.

Key Stories Impacting Boyd Group Services

These are some of the BYD stories that stood out recently:

• Positive Sentiment: Despite reducing their targets, Scotia, TD, National Bank, RBC, ATB Cormark, Desjardins and Raymond James maintained buy or outperform-equivalent ratings. Their revised targets remain well above the roughly C$107 share price, suggesting analysts see considerable recovery potential. Scotia rating TD rating
• Neutral Sentiment: Boyd reported C$0.97 in quarterly EPS and C$1.44 billion in revenue. The results provide context for the recent reassessment of the stock, though the supplied report does not include a comparison with analyst expectations. Quarterly results
• Negative Sentiment: CIBC cut its rating from “strong buy” to “hold” (also reported as neutral), signaling a more cautious view. Several other firms lowered targets—including TD to C$160 and Scotia to C$170—even while keeping positive ratings. The widespread reductions may weigh on sentiment and indicate lower expectations. CIBC downgrade TD target change

About Boyd Group Services

Boyd Group Services Inc. (‘BGSI’), through its operating company, The Boyd Group Inc. and its subsidiaries (‘Boyd’ or the ‘Company’), is one of the largest operators of non-franchised collision repair centers in North America in terms of number of locations and sales. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a major retail auto glass operator in the U.S., under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. In addition, the Company operates a third party administrator, Gerber National Claims Services (‘GNCS’), that offers glass, emergency roadside and first notice of loss services.