Boyd Group Services Inc. (TSE:BYD) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Boyd Group Services Inc. has a consensus recommendation of "Buy" from eleven research firms, with an average price target of C$259.18.
• The company announced an increase in its quarterly dividend to $0.153 per share, reflecting a slight rise from the previous dividend, although the payout ratio stands at 114.83%.
• Recent analyst actions include Desjardins raising their target price from C$255.00 to C$270.00 and other firms maintaining or adjusting their buy ratings, indicating strong investor interest.

Boyd Group Services Inc. (TSE:BYD - Get Free Report) has earned a consensus rating of "Buy" from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$259.18.

BYD has been the topic of several research reports. The Goldman Sachs Group upgraded Boyd Group Services from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 3rd. CIBC reduced their price target on Boyd Group Services from C$249.00 to C$244.00 in a report on Thursday, July 17th. Stephens upgraded Boyd Group Services to a "strong-buy" rating and set a C$240.00 price target on the stock in a report on Wednesday, June 11th. National Bankshares upped their target price on Boyd Group Services from C$245.00 to C$250.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Finally, ATB Capital reduced their target price on Boyd Group Services from C$290.00 to C$270.00 and set an "outperform" rating on the stock in a report on Thursday, August 14th.

Boyd Group Services Price Performance

TSE BYD traded up C$2.32 during trading on Friday, hitting C$234.76. 25,463 shares of the company's stock were exchanged, compared to its average volume of 49,249. The company has a current ratio of 0.70, a quick ratio of 0.30 and a debt-to-equity ratio of 150.94. The company has a market cap of C$5.04 billion, a PE ratio of 617.79, a P/E/G ratio of -56.72 and a beta of 0.40. Boyd Group Services has a fifty-two week low of C$186.10 and a fifty-two week high of C$258.17. The stock's 50 day moving average price is C$211.06 and its two-hundred day moving average price is C$211.50.

Boyd Group Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Monday, June 30th were issued a $0.153 dividend. This is a boost from Boyd Group Services's previous quarterly dividend of $0.15. This represents a $0.61 annualized dividend and a yield of 0.3%. Boyd Group Services's dividend payout ratio is presently 114.83%.

Boyd Group Services Company Profile

Boyd Group Services Inc is a personal services company that provides auto body and auto glass repair services at its portfolio of facilities located across the United States and Canada. The company operates in Canada primarily under the Boyd Autobody and Glass brand name, while its most notable U.S. brand is Gerber Collision and Glass.