Boyd Group Services (TSE:BYD) Upgraded to “Outperfrom Under Weight” by National Bank Financial

Boyd Group Services (TSE:BYDGet Rating) was upgraded by equities research analysts at National Bank Financial from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research report issued on Wednesday. National Bank Financial also issued estimates for Boyd Group Services’ Q2 2022 earnings at $0.55 EPS, Q3 2022 earnings at $0.89 EPS and Q4 2022 earnings at $1.12 EPS.

Several other equities research analysts have also commented on BYD. CIBC lowered their price target on shares of Boyd Group Services from C$175.00 to C$168.00 and set a “neutral” rating on the stock in a report on Thursday. ATB Capital lowered their price target on shares of Boyd Group Services from C$264.00 to C$230.00 and set an “outperform” rating on the stock in a report on Thursday, March 24th. Cormark decreased their price objective on shares of Boyd Group Services from C$235.00 to C$180.00 and set a “buy” rating for the company in a research report on Thursday, March 24th. TD Securities decreased their price objective on shares of Boyd Group Services from C$220.00 to C$200.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus decreased their price objective on shares of Boyd Group Services from C$185.00 to C$150.00 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$205.21.

Shares of BYD opened at C$130.83 on Wednesday. The firm has a market capitalization of C$2.81 billion and a PE ratio of 91.81. The company has a debt-to-equity ratio of 135.65, a current ratio of 0.64 and a quick ratio of 0.38. Boyd Group Services has a 1-year low of C$130.00 and a 1-year high of C$267.00. The company’s fifty day moving average price is C$159.47 and its 200-day moving average price is C$183.78.

Boyd Group Services (TSE:BYDGet Rating) last posted its quarterly earnings results on Wednesday, March 23rd. The company reported C$0.35 EPS for the quarter, beating the consensus estimate of C$0.10 by C$0.25. The business had revenue of C$650.80 million during the quarter, compared to analysts’ expectations of C$636.26 million. As a group, research analysts anticipate that Boyd Group Services will post 5.0700001 EPS for the current fiscal year.

About Boyd Group Services (Get Rating)

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.

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