ATB Capital Lowers Boyd Group Services (TSE:BYD) Price Target to C$320.00

Boyd Group Services (TSE:BYD) had its price target reduced by stock analysts at ATB Capital from C$340.00 to C$320.00 in a report released on Wednesday,BayStreet.CA reports. ATB Capital’s target price suggests a potential upside of 45.37% from the company’s current price.

BYD has been the topic of several other research reports. Stifel Nicolaus lowered their price target on shares of Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. Royal Bank of Canada lowered their target price on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. National Bankshares cut their price target on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday. BMO Capital Markets decreased their price objective on Boyd Group Services from C$260.00 to C$250.00 in a research note on Wednesday. Finally, Jefferies Financial Group dropped their price objective on Boyd Group Services from C$325.00 to C$300.00 in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$277.75.

Boyd Group Services Stock Performance

TSE:BYD opened at C$220.13 on Wednesday. The company has a market capitalization of C$4.73 billion, a P/E ratio of 58.70, a P/E/G ratio of -56.72 and a beta of 0.99. The business has a fifty day simple moving average of C$213.76 and a two-hundred day simple moving average of C$233.62. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. Boyd Group Services has a 1 year low of C$198.61 and a 1 year high of C$324.75.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.66 by C($0.46). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The firm had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.03 billion. On average, analysts expect that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Transactions at Boyd Group Services

In related news, Senior Officer Jeff Murray bought 456 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is owned by insiders.

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.