Boyd Group Services (TSE:BYD) Stock Price Expected to Rise, CIBC Analyst Says

Boyd Group Services (TSE:BYD) had its price objective boosted by CIBC from C$252.00 to C$272.00 in a report issued on Monday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Raymond James reduced their target price on shares of Boyd Group Services from C$295.00 to C$285.00 in a report on Thursday, November 7th. Stifel Nicolaus decreased their price objective on Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. Royal Bank of Canada dropped their target price on Boyd Group Services from C$306.00 to C$280.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. TD Securities decreased their price target on Boyd Group Services from C$300.00 to C$270.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets cut their target price on shares of Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$278.08.

Boyd Group Services Price Performance

BYD opened at C$217.14 on Monday. The stock has a market capitalization of C$4.66 billion, a P/E ratio of 57.90, a PEG ratio of -56.72 and a beta of 0.99. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. Boyd Group Services has a 12-month low of C$198.61 and a 12-month high of C$324.75. The stock has a 50-day moving average price of C$215.48 and a 200-day moving average price of C$221.66.

Boyd Group Services (TSE:BYD) last issued its earnings results on Tuesday, November 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.66 by C($0.46). Boyd Group Services had a return on equity of 7.21% and a net margin of 1.93%. The firm had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.03 billion. Equities analysts predict that Boyd Group Services will post 7.1452646 earnings per share for the current fiscal year.

Insider Transactions at Boyd Group Services

In other news, Director Robert Berthold Espey bought 200 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average price of C$220.00 per share, with a total value of C$44,000.00. Corporate insiders own 0.37% of the company’s stock.

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.