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

Shares of Boyd Group Services Inc. (TSE:BYD) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$319.69.

Several brokerages have recently issued reports on BYD. National Bankshares upped their price target on Boyd Group Services from C$260.00 to C$310.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. Stifel Nicolaus lowered their price target on shares of Boyd Group Services from C$355.00 to C$340.00 in a research report on Friday, March 22nd. BMO Capital Markets cut their price objective on shares of Boyd Group Services from C$350.00 to C$330.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Raymond James lowered their target price on shares of Boyd Group Services from C$380.00 to C$375.00 and set a “strong-buy” rating for the company in a report on Thursday, March 21st. Finally, ATB Capital increased their price target on Boyd Group Services from C$300.00 to C$350.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th.

Boyd Group Services Price Performance

TSE:BYD opened at C$253.03 on Tuesday. The firm has a market cap of C$5.43 billion, a PE ratio of 45.67, a price-to-earnings-growth ratio of -56.72 and a beta of 1.06. The company’s 50-day moving average price is C$291.71 and its two-hundred day moving average price is C$276.56. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 137.26. Boyd Group Services has a 12 month low of C$225.68 and a 12 month high of C$324.75.

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

Boyd Group Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Sunday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. Boyd Group Services’s payout ratio is 10.83%.

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.