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

Boyd Group Services Inc. (TSE:BYD) has been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$265.60.

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their target price on shares of Boyd Group Services from C$265.00 to C$275.00 in a research report on Tuesday, November 4th. TD Securities increased their price objective on Boyd Group Services from C$280.00 to C$290.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Cormark raised shares of Boyd Group Services from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Desjardins raised shares of Boyd Group Services to a “moderate buy” rating in a research note on Tuesday, November 4th. Finally, CIBC increased their target price on Boyd Group Services from C$270.00 to C$280.00 in a research report on Wednesday, November 5th.

Boyd Group Services Price Performance

Boyd Group Services stock opened at C$223.00 on Friday. The business has a 50 day simple moving average of C$221.21 and a 200-day simple moving average of C$217.36. Boyd Group Services has a 12 month low of C$186.10 and a 12 month high of C$258.17. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30. The stock has a market capitalization of C$6.21 billion, a PE ratio of 301.35, a price-to-earnings-growth ratio of -56.72 and a beta of 0.22.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, November 12th. The company reported C$0.62 earnings per share for the quarter. Boyd Group Services had a return on equity of 4.93% and a net margin of 1.35%.The company had revenue of C$1.10 billion for the quarter. Equities analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Boyd Group Services Company Profile

Boyd Group Services Inc is a personal services company that provides auto body and auto glass repair services at its portfolio of facilities located across the United States and Canada. The company operates in Canada primarily under the Boyd Autobody and Glass brand name, while its most notable U.S. brand is Gerber Collision and Glass.