Boyd Group Services (TSE:BYD) Sets New 1-Year Low at $202.75

Boyd Group Services Inc. (TSE:BYD) hit a new 52-week low on Monday . The company traded as low as C$202.75 and last traded at C$203.63, with a volume of 43508 shares changing hands. The stock had previously closed at C$206.93.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Boyd Group Services from C$295.00 to C$280.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. TD Securities dropped their price target on Boyd Group Services from C$312.00 to C$300.00 in a research report on Friday, August 9th. Royal Bank of Canada lowered their price objective on Boyd Group Services from C$308.00 to C$306.00 in a research note on Friday, August 9th. Raymond James decreased their price target on Boyd Group Services from C$350.00 to C$325.00 and set a “strong-buy” rating for the company in a research note on Wednesday, August 7th. Finally, Cormark decreased their price target on Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Boyd Group Services presently has an average rating of “Moderate Buy” and an average price target of C$285.69.

Boyd Group Services Stock Down 1.0 %

The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. The company has a market cap of C$4.40 billion, a P/E ratio of 55.37, a price-to-earnings-growth ratio of -56.72 and a beta of 1.01. The company has a fifty day moving average of C$227.92 and a 200 day moving average of C$251.46.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.77 EPS for the quarter, missing the consensus estimate of C$0.82 by C($0.05). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The firm had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.08 billion. On average, research analysts anticipate that Boyd Group Services Inc. will post 7.1062435 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, September 27th. Boyd Group Services’s dividend payout ratio is presently 16.13%.

Insider Buying and Selling at Boyd Group Services

In related news, Senior Officer Jeff Murray purchased 456 shares of the business’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is currently owned by corporate 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.