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

Boyd Group Services Inc. (TSE:BYD - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$319.69.

A number of brokerages recently commented on BYD. BMO Capital Markets lowered their price objective on Boyd Group Services from C$350.00 to C$330.00 and set an "outperform" rating for the company in a research note on Thursday, March 21st. National Bankshares upped their price objective on Boyd Group Services from C$260.00 to C$310.00 and gave the stock a "sector perform" rating in a research note on Monday, January 29th. TD Securities downgraded Boyd Group Services from a "buy" rating to a "hold" rating and lowered their price objective for the stock from C$320.00 to C$310.00 in a research note on Thursday, March 21st. Jefferies Financial Group upped their price objective on Boyd Group Services from C$290.00 to C$340.00 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Finally, Scotiabank upped their price objective on Boyd Group Services from C$315.00 to C$325.00 and gave the stock an "outperform" rating in a research note on Thursday, March 21st.

Boyd Group Services Stock Down 1.7 %

Shares of BYD traded down C$4.75 during trading on Tuesday, reaching C$267.08. The company's stock had a trading volume of 80,262 shares, compared to its average volume of 36,908. The company has a fifty day moving average of C$295.93 and a two-hundred day moving average of C$276.10. Boyd Group Services has a twelve month low of C$213.66 and a twelve month high of C$324.75. The company has a market cap of C$5.73 billion, a price-to-earnings ratio of 48.21, a P/E/G ratio of -56.72 and a beta of 1.06. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 137.26.

Boyd Group Services (TSE:BYD - Get Free Report) last announced its earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$1.50 by C($0.23). The business had revenue of C$1.01 billion during the quarter, compared to analyst estimates of C$1.01 billion. Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. On average, sell-side analysts predict that Boyd Group Services will post 6.5566397 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Sunday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, March 27th. Boyd Group Services's dividend payout ratio is 10.83%.

About Boyd Group Services

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.