Boyd Group Services (TSE:BYD) Sets New 12-Month Low - Here's Why

Key Points

• Boyd Group Services hit a new 52-week low at C$186.50 per share, with recent trading at C$188.70, down from a previous close of C$192.78.
• Analysts have issued mixed ratings with upgrades from Goldman Sachs to "hold," but price targets from other firms have been reduced, indicating uncertainty about the stock's future performance.
• The company recently increased its quarterly dividend to $0.153 per share, reflecting a 22.10% dividend payout ratio, while also having a market capitalization of C$2.84 billion.

Boyd Group Services Inc. (TSE:BYD - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$186.50 and last traded at C$188.70, with a volume of 15255 shares trading hands. The stock had previously closed at C$192.78.

Analysts Set New Price Targets

Several research firms recently commented on BYD. National Bankshares reduced their price target on shares of Boyd Group Services from C$260.00 to C$245.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Stifel Nicolaus dropped their price target on shares of Boyd Group Services from C$265.00 to C$255.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. ATB Capital lowered their price target on Boyd Group Services from C$295.00 to C$290.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. TD Securities reduced their price objective on Boyd Group Services from C$290.00 to C$280.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada decreased their price objective on shares of Boyd Group Services from C$277.00 to C$270.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Boyd Group Services presently has a consensus rating of "Buy" and a consensus price target of C$258.55.

Boyd Group Services Trading Up 0.0%

The stock has a market cap of C$2.85 billion, a PE ratio of 69.18, a P/E/G ratio of -56.72 and a beta of 0.99. The company has a quick ratio of 0.30, a current ratio of 0.70 and a debt-to-equity ratio of 150.94. The business's fifty day moving average is C$204.99 and its 200 day moving average is C$214.11.

Boyd Group Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Monday, June 30th were paid a $0.153 dividend. This is an increase from Boyd Group Services's previous quarterly dividend of $0.15. This represents a $0.61 annualized dividend and a dividend yield of 0.3%. Boyd Group Services's dividend payout ratio is 22.10%.

Insider Buying and Selling at Boyd Group Services

In other Boyd Group Services news, Director Robert Berthold Espey purchased 150 shares of Boyd Group Services stock in a transaction dated Tuesday, June 10th. The shares were bought at an average cost of C$201.74 per share, for a total transaction of C$30,261.00. Company insiders own 0.37% of the company's stock.

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.