Boyd Group Services (TSE:BYD) Price Target Cut to C$335.00

Boyd Group Services (TSE:BYD - Get Free Report) had its price objective lowered by research analysts at Stifel Nicolaus from C$340.00 to C$335.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price objective would suggest a potential upside of 26.46% from the company's previous close.

Several other analysts also recently weighed in on BYD. Raymond James dropped their target price on shares of Boyd Group Services from C$380.00 to C$375.00 and set a "strong-buy" rating on the stock in a research report on Thursday, March 21st. Royal Bank of Canada dropped their target price on shares of Boyd Group Services from C$348.00 to C$337.00 and set an "outperform" rating on the stock in a research report on Thursday, March 21st. TD Securities raised shares of Boyd Group Services from a "hold" rating to a "buy" rating and set a C$310.00 target price on the stock in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of Boyd Group Services from C$290.00 to C$340.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. Finally, Scotiabank boosted their target price on shares of Boyd Group Services from C$315.00 to C$325.00 and gave the stock an "outperform" rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$319.31.

Boyd Group Services Trading Up 2.9 %

Shares of BYD stock traded up C$7.47 during trading hours on Wednesday, reaching C$264.90. 54,090 shares of the stock were exchanged, compared to its average volume of 39,838. Boyd Group Services has a 12-month low of C$225.86 and a 12-month high of C$324.75. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 137.26. The company's 50-day moving average price is C$290.74 and its 200-day moving average price is C$276.70. The firm has a market capitalization of C$5.69 billion, a price-to-earnings ratio of 48.03, a price-to-earnings-growth ratio of -56.72 and a beta of 1.06.

Boyd Group Services (TSE:BYD - Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The company reported C$1.27 EPS for the quarter, missing the consensus estimate of C$1.50 by C($0.23). The firm had revenue of C$1.01 billion for the quarter, compared to the consensus estimate of C$1.01 billion. Boyd Group Services had a return on equity of 11.00% and a net margin of 2.94%. As a group, equities analysts anticipate 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.