Boyd Group Services (TSE:BYD) Sets New 1-Year Low at $209.75

Boyd Group Services Inc. (TSE:BYD) reached a new 52-week low on Monday . The stock traded as low as C$209.75 and last traded at C$209.76, with a volume of 5537 shares. The stock had previously closed at C$213.03.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Boyd Group Services from C$308.00 to C$306.00 in a report on Friday, August 9th. Cormark dropped their price objective on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a report on Friday, August 9th. National Bankshares dropped their price objective on shares of Boyd Group Services from C$310.00 to C$270.00 in a report on Friday, August 9th. CIBC dropped their price objective on shares of Boyd Group Services from C$290.00 to C$268.00 in a report on Friday, August 9th. Finally, TD Securities dropped their price objective on shares of Boyd Group Services from C$312.00 to C$300.00 in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boyd Group Services presently has a consensus rating of “Moderate Buy” and a consensus price target of C$285.69.

Boyd Group Services Trading Down 2.6 %

The stock has a market capitalization of C$4.44 billion, a P/E ratio of 55.84, a PEG ratio of -56.72 and a beta of 1.01. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The business’s 50 day simple moving average is C$230.52 and its 200-day simple moving average is C$253.65.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.05). Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. The business had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.08 billion. As a group, analysts forecast that Boyd Group Services Inc. will post 7.1182171 EPS for the current year.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. Boyd Group Services’s payout ratio is presently 16.22%.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray acquired 456 shares of Boyd Group Services stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of C$223.12 per share, with a total value of C$101,742.72. Insiders own 0.37% of the company’s stock.

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.