TD Securities Lowers Boyd Group Services (TSE:BYD) Price Target to C$270.00

Boyd Group Services (TSE:BYD) had its target price reduced by TD Securities from C$300.00 to C$270.00 in a report released on Wednesday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 22.65% from the company’s previous close.

Several other analysts have also commented on the stock. Stifel Nicolaus lowered their price target on shares of Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. Raymond James lowered their price target on shares of Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. BMO Capital Markets lowered their price target on shares of Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Cormark lowered their price target on shares of Boyd Group Services from C$300.00 to C$255.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Finally, CIBC lowered their price target on shares of Boyd Group Services from C$290.00 to C$268.00 in a research report on Friday, August 9th. 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. Based on data from MarketBeat, Boyd Group Services currently has an average rating of “Buy” and an average price target of C$277.75.

Boyd Group Services Trading Up 2.8 %

Shares of BYD opened at C$220.13 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The firm’s 50-day moving average is C$213.76 and its two-hundred day moving average is C$233.62. Boyd Group Services has a twelve month low of C$198.61 and a twelve month high of C$324.75. The firm has a market capitalization of C$4.73 billion, a P/E ratio of 58.70, a PEG ratio of -56.72 and a beta of 0.99.

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 company had revenue of C$1.03 billion for the quarter, compared to analyst estimates of C$1.03 billion. On average, research analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Jeff Murray purchased 456 shares of the business’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of C$223.12 per share, with a total value of C$101,742.72. 0.37% of the stock is currently owned by insiders.

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.