Boyd Group Services (TSE:BYD) Trading 1.1% Higher - Still a Buy?

Boyd Group Services Inc. (TSE:BYD - Get Free Report) shares shot up 1.1% during trading on Monday . The stock traded as high as C$212.91 and last traded at C$212.00. 33,882 shares traded hands during trading, a decline of 32% from the average session volume of 49,482 shares. The stock had previously closed at C$209.59.

Wall Street Analysts Forecast Growth

Several research firms have commented on BYD. ATB Capital dropped their price objective on shares of Boyd Group Services from C$295.00 to C$290.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. TD Securities dropped their price objective on shares of Boyd Group Services from C$290.00 to C$280.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Stifel Nicolaus dropped their price objective on shares of Boyd Group Services from C$265.00 to C$255.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Royal Bank Of Canada dropped their price objective on shares of Boyd Group Services from C$277.00 to C$270.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Finally, BMO Capital Markets increased their price target on shares of Boyd Group Services from C$250.00 to C$280.00 and gave the company a "strong-buy" rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$264.83.

Boyd Group Services Trading Down 1.4%

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 firm has a market cap of C$3.17 billion, a P/E ratio of 76.97, a P/E/G ratio of -56.72 and a beta of 0.99. The company's 50 day simple moving average is C$208.12 and its 200-day simple moving average is C$216.51.

Boyd Group Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.153 per share. This represents a $0.61 annualized dividend and a dividend yield of 0.29%. This is an increase from Boyd Group Services's previous quarterly dividend of $0.15. Boyd Group Services's payout ratio is currently 22.10%.

Insider Buying and Selling at Boyd Group Services

In related news, Director Robert Berthold Espey purchased 150 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average price of C$201.74 per share, with a total value of C$30,261.00. Corporate insiders own 0.37% of the company's stock.

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.