Boyd Group Services (TSE:BYD) Upgraded by TD Securities to “Buy”

TD Securities upgraded shares of Boyd Group Services (TSE:BYD) from a hold rating to a buy rating in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have C$310.00 price objective on the stock.

BYD has been the topic of several other research reports. Royal Bank of Canada cut their price objective on shares of 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. ATB Capital upped their price objective on shares of 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. Cormark cut their price objective on shares of Boyd Group Services from C$315.00 to C$300.00 in a report on Thursday, March 21st. Raymond James dropped their target price on 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. Finally, Jefferies Financial Group upped their target price on 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. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boyd Group Services presently has an average rating of Moderate Buy and a consensus price target of C$319.31.

Boyd Group Services Stock Performance

Shares of Boyd Group Services stock opened at C$264.90 on Wednesday. The company has a market capitalization of C$5.69 billion, a PE ratio of 47.82, a P/E/G 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 50-day simple moving average of C$290.74 and a two-hundred day simple moving average of C$276.70. Boyd Group Services has a one year low of C$225.86 and a one year high of C$324.75.

Boyd Group Services (TSE:BYD) last announced its 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 during 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%. Research analysts expect that Boyd Group Services will post 6.5566397 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Sunday, March 31st were given a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 0.23%. Boyd Group Services’s dividend payout ratio is presently 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.