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

Boyd Group Services (TSE:BYD) had its target price trimmed by CIBC from C$306.00 to C$304.00 in a research note published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

BYD has been the topic of a number of other research reports. National Bankshares raised their target price 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. Jefferies Financial Group raised their price objective on 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. Raymond James cut their price objective on shares of Boyd Group Services from C$380.00 to C$375.00 and set a strong-buy rating on the stock in a report on Thursday, March 21st. Cormark lowered their target price on shares of Boyd Group Services from C$315.00 to C$300.00 in a report on Thursday, March 21st. Finally, 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 research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Group Services currently has an average rating of Moderate Buy and a consensus target price of C$319.69.

Boyd Group Services Stock Up 0.8 %

Shares of TSE BYD opened at C$271.83 on Friday. The company has a debt-to-equity ratio of 137.26, a current ratio of 0.63 and a quick ratio of 0.30. The company has a 50-day moving average price of C$296.60 and a 200-day moving average price of C$275.92. The stock has a market capitalization of C$5.84 billion, a P/E ratio of 49.07, a P/E/G ratio of -56.72 and a beta of 1.06. Boyd Group Services has a 1 year low of C$213.66 and a 1 year high of C$324.75.

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). The business had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1.01 billion. Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. On average, equities research analysts forecast that Boyd Group Services will post 6.5566397 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Sunday, March 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, March 27th. Boyd Group Services’s dividend payout ratio is 10.83%.

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.