TD Securities Forecasts Strong Price Appreciation for Boyd Group Services (TSE:BYD) Stock

Boyd Group Services (TSE:BYD) had its price objective hoisted by analysts at TD Securities from C$270.00 to C$290.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 21.67% from the stock’s current price.

A number of other research firms also recently commented on BYD. 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 report on Wednesday, October 23rd. Raymond James reduced their price target on shares of Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday, November 7th. ATB Capital dropped their price objective on shares of Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. CIBC raised their target price on shares of Boyd Group Services from C$252.00 to C$272.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Finally, National Bankshares lowered their price target on shares of Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Boyd Group Services currently has a consensus rating of “Buy” and an average target price of C$279.75.

Boyd Group Services Trading Down 0.9 %

TSE BYD opened at C$238.35 on Thursday. Boyd Group Services has a 12-month low of C$198.61 and a 12-month high of C$324.75. The company has a fifty day simple moving average of C$217.85 and a two-hundred day simple moving average of C$220.10. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The stock has a market cap of C$5.12 billion, a P/E ratio of 63.56, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last issued its earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 forecast that Boyd Group Services will post 7.1452646 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robert Berthold Espey bought 200 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of C$220.00 per share, for a total transaction of C$44,000.00. 0.37% of the stock is currently owned by insiders.

Boyd Group Services Company Profile

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.