Boyd Group Services (TSE:BYD) Price Target Cut to C$304.00 by Analysts at CIBC

Boyd Group Services (TSE:BYD) had its price target dropped by research analysts at CIBC from C$306.00 to C$304.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 12.74% from the stock’s current price.

BYD has been the topic of a number of other research reports. Cormark dropped their price objective on Boyd Group Services from C$315.00 to C$300.00 in a research note on Thursday, March 21st. Scotiabank boosted their price objective on Boyd Group Services from C$315.00 to C$325.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. BMO Capital Markets cut their target price on Boyd Group Services from C$350.00 to C$330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. Jefferies Financial Group boosted their target price on Boyd Group Services from C$290.00 to C$340.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Finally, National Bankshares boosted their target price on Boyd Group Services from C$260.00 to C$310.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boyd Group Services presently has an average rating of “Moderate Buy” and an average target price of C$319.69.

Boyd Group Services Stock Down 1.9 %

BYD opened at C$269.64 on Friday. Boyd Group Services has a one year low of C$212.82 and a one year high of C$324.75. The company has a debt-to-equity ratio of 137.26, a quick ratio of 0.30 and a current ratio of 0.63. The stock’s fifty day moving average is C$297.25 and its 200-day moving average is C$275.48. The company has a market capitalization of C$5.79 billion, a PE ratio of 48.67, a P/E/G ratio of -56.72 and a beta of 1.06.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, March 20th. The company reported C$1.27 EPS for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). Boyd Group Services had a return on equity of 11.00% and a net margin of 2.94%. The firm had revenue of C$1.01 billion during the quarter, compared to the consensus estimate of C$1.01 billion. On average, equities analysts predict that Boyd Group Services will post 6.5566397 EPS 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.