Boyd Group Services Inc. (TSE:BYD) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Boyd Group Services Inc. has received an average recommendation of "Buy" from eleven brokerages, with three ratings being a "strong buy".
• The company announced a quarterly dividend of $0.153 per share, set to be paid to stockholders on October 29th, indicating a dividend yield of 0.3%.
• As of the latest report, shares of Boyd Group Services opened at C$238.37, with a market capitalization of C$5.12 billion.

Boyd Group Services Inc. (TSE:BYD - Get Free Report) has earned an average recommendation of "Buy" from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$259.18.

A number of equities research analysts recently commented on BYD shares. National Bankshares raised their price objective on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. 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. CIBC decreased their price objective on Boyd Group Services from C$249.00 to C$244.00 in a report on Thursday, July 17th. Stifel Nicolaus boosted their target price on Boyd Group Services from C$255.00 to C$260.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, Desjardins raised their price target on shares of Boyd Group Services from C$255.00 to C$270.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th.

Boyd Group Services Stock Down 0.1%

Shares of Boyd Group Services stock opened at C$238.37 on Tuesday. The company has a market capitalization of C$5.12 billion, a P/E ratio of 627.29, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40. The company has a debt-to-equity ratio of 150.94, a current ratio of 0.70 and a quick ratio of 0.30. The business has a 50-day moving average of C$218.12 and a two-hundred day moving average of C$211.32. Boyd Group Services has a 1 year low of C$186.10 and a 1 year high of C$258.17.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.153 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.3%. Boyd Group Services's dividend payout ratio is 114.83%.

About Boyd Group Services

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.

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