Boyd Group Services (TSE:BYD) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of Boyd Group Services (TSE:BYD - Free Report) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, BayStreet.CA reports. TD Securities currently has C$310.00 target price on the stock.

BYD has been the topic of a number of other research reports. Royal Bank of Canada decreased their price objective on Boyd Group Services from C$348.00 to C$337.00 and set an outperform rating on the stock in a report on Thursday, March 21st. Jefferies Financial Group raised their price objective on Boyd Group Services from C$290.00 to C$340.00 and gave the company a buy rating in a report on Thursday, March 21st. ATB Capital raised their price objective on Boyd Group Services from C$300.00 to C$350.00 and gave the company an outperform rating in a report on Tuesday, March 12th. Scotiabank raised their price objective on Boyd Group Services from C$315.00 to C$325.00 and gave the company an outperform rating in a report on Thursday, March 21st. Finally, Raymond James decreased their price objective on Boyd Group Services from C$380.00 to C$375.00 and set a strong-buy rating on the stock in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boyd Group Services currently has a consensus rating of Moderate Buy and an average target price of C$319.31.

Boyd Group Services Price Performance

Shares of TSE:BYD traded up C$7.47 during midday trading on Wednesday, reaching C$264.90. 54,090 shares of the company's stock traded hands, compared to its average volume of 39,838. Boyd Group Services has a 1 year low of C$225.86 and a 1 year high of C$324.75. The company has a market cap of C$5.69 billion, a P/E ratio of 48.03, a PEG ratio of -56.72 and a beta of 1.06. The company has a debt-to-equity ratio of 137.26, a quick ratio of 0.30 and a current ratio of 0.63. The company has a fifty day simple moving average of C$290.74 and a two-hundred day simple moving average of C$276.70.

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). Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. The business had revenue of C$1.01 billion for the quarter, compared to analysts' expectations of C$1.01 billion. Equities analysts predict that Boyd Group Services will post 6.5566397 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Sunday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Boyd Group Services's payout ratio is 10.83%.

Boyd Group Services Company Profile

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.