Boyd Group Services (TSE:BYD) Trading Up 0.8% - Here's Why

Key Points

• Boyd Group Services saw a 0.8% increase in share price, last trading at C$238.66, with approximately 50,177 shares changing hands during the day.
• Analysts have mixed opinions on BYD, with ratings ranging from "strong buy" to "hold", and a consensus target price of C$259.18.
• The company declared a quarterly dividend of $0.153 per share, which will be paid out on October 29th, reflecting an annual yield of 0.3% with a high payout ratio of 114.83%.

Boyd Group Services Inc. (TSE:BYD - Get Free Report)'s share price was up 0.8% on Friday . The company traded as high as C$240.49 and last traded at C$238.66. Approximately 50,177 shares changed hands during trading, an increase of 3% from the average daily volume of 48,498 shares. The stock had previously closed at C$236.77.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BYD shares. The Goldman Sachs Group raised shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 3rd. CIBC decreased their price target on shares of Boyd Group Services from C$249.00 to C$244.00 in a report on Thursday, July 17th. Stephens raised shares of 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. Stifel Nicolaus increased their price target on shares of Boyd Group Services from C$255.00 to C$260.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, ATB Capital decreased their price target on shares of 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. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$259.18.

Boyd Group Services Stock Performance

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's fifty day moving average is C$217.61 and its 200 day moving average is C$211.47. The company has a market cap of C$5.12 billion, a P/E ratio of 628.05, a price-to-earnings-growth ratio of -56.72 and a beta of 0.40.

Boyd Group Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.153 per share. This represents a $0.61 annualized dividend and a yield of 0.3%. Boyd Group Services's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.