Stifel Canada Has Weak Forecast for TSE:BYD FY2024 Earnings

Boyd Group Services Inc. (TSE:BYD) – Stock analysts at Stifel Canada decreased their FY2024 earnings estimates for shares of Boyd Group Services in a research report issued to clients and investors on Sunday, March 2nd. Stifel Canada analyst D. Young now forecasts that the company will post earnings of $2.27 per share for the year, down from their prior estimate of $2.29. The consensus estimate for Boyd Group Services’ current full-year earnings is $7.15 per share. Stifel Canada also issued estimates for Boyd Group Services’ FY2025 earnings at $4.64 EPS and FY2026 earnings at $6.80 EPS.

Several other equities analysts have also commented on BYD. BMO Capital Markets lowered their price objective on shares of Boyd Group Services from C$260.00 to C$250.00 in a research report on Wednesday, November 6th. TD Securities increased their target price on shares of Boyd Group Services from C$270.00 to C$290.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Raymond James dropped their price target on Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday, November 7th. National Bankshares dropped their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. Finally, CIBC upped their target price on Boyd Group Services from C$276.00 to C$281.00 in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$280.50.

Boyd Group Services Stock Performance

BYD opened at C$240.29 on Wednesday. The company has a 50 day simple moving average of C$229.22 and a two-hundred day simple moving average of C$220.61. Boyd Group Services has a 1-year low of C$198.61 and a 1-year high of C$318.58. The firm has a market cap of C$3.64 billion, a P/E ratio of 88.50, a PEG ratio of -56.72 and a beta of 0.99. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30.

About Boyd Group Services

Boyd Group Services Inc is a personal services company that provides auto body and auto glass repair services at its portfolio of facilities located across the United States and Canada. The company operates in Canada primarily under the Boyd Autobody and Glass brand name, while its most notable U.S. brand is Gerber Collision and Glass.