Boyd Group Services (TSE:BYD) Price Target Cut to C$240.00 by Analysts at Raymond James

Boyd Group Services (TSE:BYD) had its price objective dropped by investment analysts at Raymond James from C$250.00 to C$240.00 in a report released on Thursday, reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 13.18% from the stock’s current price.

A number of other brokerages also recently commented on BYD. CIBC decreased their target price on Boyd Group Services from C$275.00 to C$260.00 in a research note on Thursday. National Bank Financial decreased their target price on Boyd Group Services to C$260.00 and set an “outperform” rating for the company in a research note on Thursday. Scotiabank cut their price target on Boyd Group Services from C$255.00 to C$245.00 in a report on Thursday. National Bankshares cut their price target on Boyd Group Services from C$265.00 to C$260.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Atb Cap Markets reaffirmed an “outperform” rating on shares of Boyd Group Services in a report on Wednesday, March 24th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Boyd Group Services currently has an average rating of “Buy” and a consensus price target of C$251.10.

TSE:BYD opened at C$212.06 on Thursday. The company has a market capitalization of C$4.55 billion and a price-to-earnings ratio of 81.50. Boyd Group Services has a one year low of C$184.84 and a one year high of C$245.00. The stock has a 50-day simple moving average of C$224.89 and a 200 day simple moving average of C$221.10. The company has a debt-to-equity ratio of 84.24, a quick ratio of 0.50 and a current ratio of 0.67.

Boyd Group Services (TSE:BYD) last issued its earnings results on Wednesday, March 24th. The company reported C$0.88 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.91 by C($0.03). The business had revenue of C$526.00 million during the quarter, compared to the consensus estimate of C$542.87 million. On average, equities research analysts forecast that Boyd Group Services will post 6.5000003 EPS for the current fiscal year.

About Boyd Group Services

Boyd Group Services Inc operates non-franchised collision repair centers in the United States and Canada. 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 names in the United States.

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Analyst Recommendations for Boyd Group Services (TSE:BYD)

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