National Bankshares Issues Pessimistic Forecast for Boyd Group Services (TSE:BYD) Stock Price

Boyd Group Services (TSE:BYD) had its price target cut by stock analysts at National Bankshares from C$270.00 to C$245.00 in a research note issued on Wednesday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 16.16% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group lowered their target price on shares of Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. 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. Cormark decreased their target price 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 note on Friday, August 9th. Raymond James lowered their price objective on Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Finally, BMO Capital Markets cut their target price on Boyd Group Services from C$280.00 to C$260.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$278.58.

Boyd Group Services Stock Down 3.4 %

BYD stock traded down C$7.38 during trading on Wednesday, reaching C$210.92. 83,927 shares of the company traded hands, compared to its average volume of 56,766. The company has a market capitalization of C$4.53 billion, a price-to-earnings ratio of 56.25, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. The business has a 50 day simple moving average of C$214.02 and a 200 day simple moving average of C$233.86. Boyd Group Services has a 12 month low of C$198.61 and a 12 month high of C$324.75. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.46). The firm had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.03 billion. Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. On average, equities research analysts anticipate that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Senior Officer Jeff Murray purchased 456 shares of Boyd Group Services stock in a transaction dated Monday, August 12th. The shares were acquired 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 corporate insiders.

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.