Boyd Group Services Inc. (TSE:BYD – Free Report) – Investment analysts at National Bank Financial lowered their FY2023 EPS estimates for shares of Boyd Group Services in a research note issued on Sunday, November 12th. National Bank Financial analyst Z. Evershed now forecasts that the company will earn $6.06 per share for the year, down from their prior forecast of $6.45. The consensus estimate for Boyd Group Services’ current full-year earnings is $8.32 per share. National Bank Financial also issued estimates for Boyd Group Services’ Q4 2023 earnings at $1.57 EPS.
BYD has been the topic of a number of other reports. Desjardins lifted their target price on Boyd Group Services from C$270.00 to C$275.00 and gave the stock a “hold” rating in a research report on Monday. ATB Capital raised their target price on Boyd Group Services from C$290.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank of Canada boosted their price target on shares of Boyd Group Services from C$284.00 to C$290.00 and gave the company an “outperform” rating in a report on Monday. The Goldman Sachs Group lowered shares of Boyd Group Services from a “neutral” rating to a “sell” rating and decreased their target price for the company from C$240.00 to C$225.00 in a research report on Thursday, October 19th. Finally, BMO Capital Markets increased their price target on shares of Boyd Group Services from C$280.00 to C$290.00 and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$271.50.
Boyd Group Services Stock Performance
TSE:BYD opened at C$250.17 on Wednesday. The firm’s 50-day moving average is C$242.49 and its 200-day moving average is C$242.71. The company has a market cap of C$5.37 billion, a price-to-earnings ratio of 47.47, a PEG ratio of -56.72 and a beta of 1.03. The company has a debt-to-equity ratio of 132.54, a quick ratio of 0.30 and a current ratio of 0.66. Boyd Group Services has a 52-week low of C$197.66 and a 52-week high of C$256.89.
Boyd Group Services Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Saturday, September 30th were issued a dividend of $0.199 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.32%. This is a boost from Boyd Group Services’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, September 28th. Boyd Group Services’s dividend payout ratio (DPR) is currently 11.20%.
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.
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