Raymond James Lowers Boyd Group Services (TSE:BYD) Price Target to C$295.00

Boyd Group Services (TSE:BYD - Free Report) had its price objective decreased by Raymond James from C$325.00 to C$295.00 in a research report report published on Friday morning, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock.

A number of other research analysts have also issued reports on BYD. Jefferies Financial Group dropped their price target on shares of Boyd Group Services from C$325.00 to C$300.00 in a research note on Friday, August 9th. TD Securities dropped their price objective on Boyd Group Services from C$312.00 to C$300.00 in a report on Friday, August 9th. National Bankshares reduced their target price on Boyd Group Services from C$310.00 to C$270.00 in a report on Friday, August 9th. Cormark lowered their price target on shares of Boyd Group Services from C$300.00 to C$255.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. Finally, CIBC reduced their price objective on shares of Boyd Group Services from C$290.00 to C$268.00 in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Boyd Group Services presently has a consensus rating of "Buy" and an average target price of C$285.67.

Boyd Group Services Stock Performance

Boyd Group Services stock traded up C$0.05 during midday trading on Friday, hitting C$216.75. 56,990 shares of the company's stock were exchanged, compared to its average volume of 55,580. The company has a debt-to-equity ratio of 146.14, a quick ratio of 0.30 and a current ratio of 0.61. The stock has a market cap of C$4.65 billion, a price-to-earnings ratio of 57.80, a price-to-earnings-growth ratio of -56.72 and a beta of 0.99. Boyd Group Services has a 12-month low of C$198.61 and a 12-month high of C$324.75. The firm's 50 day simple moving average is C$214.45 and its 200 day simple moving average is C$235.18.

Boyd Group Services (TSE:BYD - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.77 EPS for the quarter, missing the consensus estimate of C$0.82 by C($0.05). The company had revenue of C$1.07 billion for the quarter, compared to analysts' expectations of C$1.08 billion. Boyd Group Services had a net margin of 1.93% and a return on equity of 7.21%. Equities research analysts predict that Boyd Group Services will post 7.1452646 EPS for the current year.

Boyd Group Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Monday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Boyd Group Services's dividend payout ratio is currently 16.00%.

Insider Activity

In other news, Senior Officer Jeff Murray bought 456 shares of the stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of C$223.12 per share, with a total value of C$101,742.72. Company insiders own 0.37% of the company's stock.

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.