ATB Capital Cuts Boyd Group Services (TSE:BYD) Price Target to C$320.00

Boyd Group Services (TSE:BYD) had its target price decreased by stock analysts at ATB Capital from C$340.00 to C$320.00 in a report issued on Wednesday, BayStreet.CA reports. ATB Capital’s price objective indicates a potential upside of 51.72% from the stock’s current price.

A number of other equities analysts have also recently weighed in on BYD. National Bankshares lowered their price objective on shares of Boyd Group Services from C$270.00 to C$245.00 in a research report on Wednesday. TD Securities decreased their price objective on Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday. Raymond James dropped their target price on Boyd Group Services from C$325.00 to C$295.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus reduced their price objective on shares of Boyd Group Services from C$280.00 to C$275.00 in a research report on Monday, October 28th. Finally, Jefferies Financial Group reduced their price objective on Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Boyd Group Services has an average rating of “Buy” and a consensus price target of C$278.58.

Boyd Group Services Stock Performance

TSE BYD traded down C$7.38 during trading hours on Wednesday, reaching C$210.92. The stock had a trading volume of 83,927 shares, compared to its average volume of 56,790. The stock has a fifty day moving average of C$214.02 and a 200 day moving average of C$233.86. The stock has a market cap of C$4.53 billion, a P/E ratio of 56.25, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. 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 has a 52-week low of C$198.61 and a 52-week high of C$324.75.

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

Insider Activity at Boyd Group Services

In other news, Senior Officer Jeff Murray acquired 456 shares of the company’s stock in a transaction dated 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.

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.