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

Shares of Boyd Group Services Inc. (TSE:BYD) have earned an average rating of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Two 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 company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$278.08.

BYD has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. CIBC boosted 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 research report on Monday, January 13th. Raymond James lowered their price target on Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday, November 7th. BMO Capital Markets cut their price objective on Boyd Group Services from C$260.00 to C$250.00 in a research report on Wednesday, November 6th. Finally, TD Securities lowered their target price on Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday, November 6th.

Insider Transactions at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey bought 200 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost 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 Price Performance

TSE BYD opened at C$239.25 on Thursday. The company has a debt-to-equity ratio of 146.14, a current ratio of 0.61 and a quick ratio of 0.30. The firm has a market capitalization of C$5.14 billion, a price-to-earnings ratio of 63.80, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The company has a 50 day simple moving average of C$216.40 and a 200-day simple moving average of C$220.07. Boyd Group Services has a 52-week low of C$198.61 and a 52-week high of C$324.75.

Boyd Group Services (TSE:BYD) last issued its earnings results 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 analyst estimates of C$1.03 billion. Equities research analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

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.