Boyd Group Services (TSE:BYD) Stock Gets Price Target Trim from ATB Cormark Capital Markets

Boyd Group Services (TSE:BYD) had its target price cut by ATB Cormark Capital Markets from C$250.00 to C$180.00 in a research report sent to investors on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently commented on BYD. TD dropped their price objective on Boyd Group Services from C$200.00 to C$175.00 and set a “top pick” rating on the stock in a report on Friday, October 9th. Royal Bank Of Canada reduced their target price on shares of Boyd Group Services from C$236.00 to C$224.00 and set an “outperform” rating for the company in a research note on Monday, September 14th. Mizuho set a C$120.00 target price on shares of Boyd Group Services and gave the company an “outperform” rating in a research note on Friday, September 18th. National Bank Financial boosted their target price on shares of Boyd Group Services from C$265.00 to C$270.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Finally, Desjardins dropped their price target on shares of Boyd Group Services from C$225.00 to C$205.00 and set a “buy” rating on the stock in a research note on Thursday. One investment 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 stock. Based on data from MarketBeat.com, Boyd Group Services presently has an average rating of “Buy” and an average target price of C$196.14.

Boyd Group Services Stock Up 0.2%

BYD opened at C$106.48 on Thursday. Boyd Group Services has a fifty-two week low of C$105.65 and a fifty-two week high of C$248.23. The business has a 50-day moving average of C$115.65 and a 200-day moving average of C$154.03. The company has a debt-to-equity ratio of 118.40, a current ratio of 0.59 and a quick ratio of 0.30. The company has a market capitalization of C$2.96 billion, a PE ratio of 236.62, a price-to-earnings-growth ratio of -56.72 and a beta of 1.20.

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

Insider Activity

In related news, insider Jeff Murray purchased 350 shares of the firm’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 purchase, the insider owned 7,700 shares in the company, valued at C$856,009. The trade was a 4.76% increase in their position. Company insiders own 0.37% of the company’s stock.

Recent Boyd Group Services Headlines

Investors following BYD have been watching these headlines:

• 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

Boyd Group Services Company Profile

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.