CIBC Trims Boyd Group Services (TSE:BYD) Target Price to C$304.00

Boyd Group Services (TSE:BYD - Get Free Report) had its target price lowered by analysts at CIBC from C$306.00 to C$304.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. CIBC's price target would indicate a potential upside of 12.74% from the stock's previous close.

A number of other equities analysts have also weighed in on BYD. Royal Bank of Canada decreased their target price on Boyd Group Services from C$348.00 to C$337.00 and set an "outperform" rating on the stock in a research note on Thursday, March 21st. Jefferies Financial Group raised their price objective on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the company a "buy" rating in a research report on Thursday, March 21st. Raymond James cut their target price on shares of Boyd Group Services from C$380.00 to C$375.00 and set a "strong-buy" rating for the company in a research report on Thursday, March 21st. BMO Capital Markets lowered their price target on Boyd Group Services from C$350.00 to C$330.00 and set an "outperform" rating on the stock in a research report on Thursday, March 21st. Finally, ATB Capital upped their price objective on Boyd Group Services from C$300.00 to C$350.00 and gave the stock an "outperform" rating in a report on Tuesday, March 12th. One research 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$319.69.

Boyd Group Services Price Performance

TSE BYD traded down C$5.10 during trading hours on Friday, hitting C$269.64. The company had a trading volume of 55,753 shares, compared to its average volume of 36,345. The firm has a 50 day simple moving average of C$297.25 and a 200 day simple moving average of C$275.23. The firm has a market capitalization of C$5.79 billion, a price-to-earnings ratio of 48.67, a PEG ratio of -56.72 and a beta of 1.06. Boyd Group Services has a 52 week low of C$212.82 and a 52 week high of C$324.75. The company has a debt-to-equity ratio of 137.26, a quick ratio of 0.30 and a current ratio of 0.63.

Boyd Group Services (TSE:BYD - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported C$1.27 EPS for the quarter, missing analysts' consensus estimates of C$1.50 by C($0.23). The firm had revenue of C$1.01 billion for the quarter, compared to analysts' expectations of C$1.01 billion. Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. Equities research analysts expect that Boyd Group Services will post 6.5566397 earnings per share for the current year.

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.