Raymond James Cuts Boyd Group Services (TSE:BYD) Price Target to C$295.00

Boyd Group Services (TSE:BYD) had its price target reduced by Raymond James from C$325.00 to C$295.00 in a research note issued to investors on Friday, BayStreet.CA reports. They currently have a strong-buy rating on the stock.

BYD has been the topic of a number of other research reports. Cormark dropped their price target on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. TD Securities decreased their target price on Boyd Group Services from C$312.00 to C$300.00 in a research report on Friday, August 9th. CIBC decreased their target price on Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th. Jefferies Financial Group decreased their target price on Boyd Group Services from C$325.00 to C$300.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada decreased their target price on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$285.67.

Boyd Group Services Stock Performance

TSE:BYD opened at C$216.75 on Friday. The stock has a market cap of C$4.65 billion, a P/E ratio of 57.80, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The firm’s fifty day simple moving average is C$214.45 and its 200 day simple moving average is C$234.90. Boyd Group Services has a twelve month low of C$198.61 and a twelve month high of C$324.75. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14.

Boyd Group Services (TSE:BYD) last announced its earnings results on Thursday, August 8th. The company reported C$0.77 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 for the quarter, compared to the consensus estimate of C$1.08 billion. As a group, research analysts predict that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Friday, September 27th. Boyd Group Services’s payout ratio is currently 16.00%.

Insider Activity

In other news, Senior Officer Jeff Murray bought 456 shares of Boyd Group Services stock in a transaction that occurred on Monday, August 12th. The stock was bought 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.