Boyd Group Services (TSE:BYD) Price Target Cut to C$310.00

Boyd Group Services (TSE:BYD) had its price objective lowered by research analysts at BMO Capital Markets from C$330.00 to C$310.00 in a note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 19.69% from the stock’s previous close.

Several other research analysts also recently commented on the stock. CIBC cut their price objective on shares of Boyd Group Services from C$306.00 to C$304.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Raymond James reduced their price target on Boyd Group Services from C$380.00 to C$375.00 and set a “strong-buy” rating for the company in a research report on Thursday, March 21st. Scotiabank increased their price objective on Boyd Group Services from C$315.00 to C$325.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Cormark reduced their target price on Boyd Group Services from C$315.00 to C$300.00 in a report on Thursday, March 21st. Finally, Stifel Nicolaus lowered their price target on shares of Boyd Group Services from C$340.00 to C$335.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$317.77.

Boyd Group Services Stock Performance

TSE:BYD opened at C$259.00 on Wednesday. Boyd Group Services has a 1 year low of C$228.74 and a 1 year high of C$324.75. The company has a debt-to-equity ratio of 137.26, a current ratio of 0.63 and a quick ratio of 0.30. The business has a fifty day simple moving average of C$283.98 and a two-hundred day simple moving average of C$277.51. The company has a market capitalization of C$5.56 billion, a P/E ratio of 46.58, a P/E/G ratio of -56.72 and a beta of 1.06.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data on Wednesday, March 20th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.23). The firm had revenue of C$1.01 billion during 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%. On average, analysts expect that Boyd Group Services will post 6.5265983 earnings per share for the current 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.