Boyd Group Services (TSE:BYD) Stock Gets Price Target Reduction from Desjardins

Boyd Group Services (TSE:BYD) had its price target cut by Desjardins from C$225.00 to C$205.00 in a report issued on Thursday,BayStreet reports. They currently have a buy rating on the stock.

A number of other equities analysts have also issued reports on the stock. Scotiabank decreased their target price on shares of Boyd Group Services from C$219.00 to C$210.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 13th. BMO Capital Markets dropped their price target on shares of Boyd Group Services from C$200.00 to C$190.00 in a research report on Thursday, August 13th. Jefferies Financial Group reduced their price target on shares of Boyd Group Services from C$250.00 to C$225.00 in a research note on Thursday, August 13th. Raymond James Financial reduced their price target on shares of Boyd Group Services from C$240.00 to C$235.00 and set a “strong-buy” rating for the company in a research note on Thursday. Finally, ATB Cormark Capital Markets increased their price objective on shares of Boyd Group Services from C$245.00 to C$250.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$196.14.

Boyd Group Services Trading Up 0.2%

TSE:BYD opened at C$106.48 on Thursday. Boyd Group Services has a 1 year low of C$105.65 and a 1 year high of C$248.23. The stock has a market cap of C$2.96 billion, a price-to-earnings ratio of 236.62, a PEG ratio of -56.72 and a beta of 1.20. The business has a fifty day moving average of C$115.65 and a 200-day moving average of C$154.03. The company has a debt-to-equity ratio of 118.40, a quick ratio of 0.30 and a current ratio of 0.59.

Boyd Group Services (TSE:BYD) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C$0.97 EPS for the quarter. Boyd Group Services had a negative return on equity of 0.09% and a negative net margin of 0.04%. The company had revenue of C$1.44 billion for the quarter. Equities analysts predict that Boyd Group Services will post 7.15 earnings per share for the current year.

Insider Buying and Selling at Boyd Group Services

In other news, insider Jeff Murray bought 350 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average price of C$111.17 per share, with a total value of C$38,909.50. Following the completion of the purchase, the insider directly owned 7,700 shares of the company’s stock, valued at C$856,009. This represents a 4.76% increase in their position. 0.37% of the stock is currently owned by company insiders.

Trending Headlines about Boyd Group Services

These are some of the BYD headlines that stood out recently:

• Positive Sentiment: Third-quarter sales rose 28.2% to $1.01 billion, indicating continued revenue growth. A separate valuation analysis argues that BYD may be below fair value while sales hold up. Third-quarter sales report Valuation analysis
• Neutral Sentiment: Boyd reported C$0.97 in quarterly EPS and C$1.44 billion in revenue. The results provide context for the recent reassessment of the stock, though the supplied report does not include a comparison with analyst expectations. Quarterly results
• Negative Sentiment: CIBC cut its rating from “strong buy” to “hold” (also reported as neutral), signaling a more cautious view. Several other firms lowered targets—including TD to C$160 and Scotia to C$170—even while keeping positive ratings. The widespread reductions may weigh on sentiment and indicate lower expectations. CIBC downgrade TD target change

Boyd Group Services Company Profile

Boyd Group Services Inc. (‘BGSI’), through its operating company, The Boyd Group Inc. and its subsidiaries (‘Boyd’ or the ‘Company’), is one of the largest operators of non-franchised collision repair centers in North America in terms of number of locations and sales. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a major retail auto glass operator in the U.S., under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. In addition, the Company operates a third party administrator, Gerber National Claims Services (‘GNCS’), that offers glass, emergency roadside and first notice of loss services.