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

Boyd Group Services Inc. (TSE:BYD) has earned a consensus rating of “Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$278.08.

Several brokerages recently commented on BYD. ATB Capital cut their target price on Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday, November 6th. CIBC boosted their price target on Boyd Group Services from C$252.00 to C$272.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. National Bankshares reduced their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their target price on shares of Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. Finally, Royal Bank of Canada dropped their price objective 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.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey purchased 200 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were acquired at an average cost of C$220.00 per share, with a total value of C$44,000.00. Company insiders own 0.37% of the company’s stock.

Boyd Group Services Stock Up 1.6 %

Shares of BYD opened at C$232.09 on Thursday. The firm has a 50 day simple moving average of C$216.13 and a two-hundred day simple moving average of C$220.57. 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 one year low of C$198.61 and a one year high of C$324.75. The company has a market cap of C$4.98 billion, a P/E ratio of 61.89, a P/E/G ratio of -56.72 and a beta of 0.99.

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

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.