Boyd Group Services Inc. (TSE:BYD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Boyd Group Services Inc. (TSE:BYD) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$319.69.

BYD has been the topic of several research reports. National Bankshares lifted their price objective on Boyd Group Services from C$260.00 to C$310.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. Desjardins lowered their target price on shares of Boyd Group Services from C$320.00 to C$310.00 and set a “hold” rating for the company in a report on Thursday, March 21st. Scotiabank lifted their target price on shares of Boyd Group Services from C$315.00 to C$325.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Jefferies Financial Group lifted their target price on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, BMO Capital Markets lowered their target price on shares of Boyd Group Services from C$350.00 to C$330.00 and set an “outperform” rating for the company in a report on Thursday, March 21st.

Boyd Group Services Stock Performance

Boyd Group Services stock opened at C$271.83 on Tuesday. The stock’s 50 day simple moving average is C$296.60 and its two-hundred day simple moving average is C$275.92. 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 has a market cap of C$5.84 billion, a price-to-earnings ratio of 49.07, a PEG ratio of -56.72 and a beta of 1.06. Boyd Group Services has a fifty-two week low of C$213.66 and a fifty-two week high of C$324.75.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Wednesday, March 20th. The company reported C$1.27 earnings per share for the quarter, missing the consensus estimate of C$1.50 by C($0.23). The firm had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$1.01 billion. Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. As a group, analysts expect that Boyd Group Services will post 6.5566397 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Sunday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, March 27th. Boyd Group Services’s payout ratio is 10.83%.

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.