Boyd Group Services (TSE:BYD) Price Target Cut to C$350.00

Boyd Group Services (TSE:BYD) had its price objective cut by equities researchers at Raymond James from C$375.00 to C$350.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price objective suggests a potential upside of 49.57% from the company’s previous close. Raymond James also issued estimates for Boyd Group Services’ Q2 2024 earnings at $1.80 EPS, Q3 2024 earnings at $2.01 EPS and FY2024 earnings at $6.93 EPS.

A number of other equities research analysts have also recently commented on BYD. Cormark reduced their target price on shares of Boyd Group Services from C$315.00 to C$300.00 in a research report on Thursday, March 21st. Scotiabank increased their price objective on shares of Boyd Group Services from C$315.00 to C$325.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. BMO Capital Markets lowered their target price on Boyd Group Services from C$330.00 to C$310.00 in a report on Wednesday, May 8th. CIBC cut their price target on Boyd Group Services from C$304.00 to C$290.00 and set an “outperform” rating for the company in a report on Thursday. Finally, TD Securities dropped their target price on Boyd Group Services from C$310.00 to C$296.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$301.85.

Boyd Group Services Trading Down 0.6 %

BYD stock opened at C$234.01 on Thursday. Boyd Group Services has a 12-month low of C$228.56 and a 12-month high of C$324.75. The business’s 50-day moving average is C$276.38 and its 200 day moving average is C$278.03. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 137.26. The stock has a market cap of C$5.02 billion, a price-to-earnings ratio of 42.39, a PEG ratio of -56.72 and a beta of 1.08.

Boyd Group Services (TSE:BYD) last released its earnings results on Wednesday, March 20th. The company reported C$1.27 earnings per share for the quarter, missing the consensus estimate of C$1.50 by C($0.23). Boyd Group Services had a net margin of 2.94% and a return on equity of 11.00%. The firm had revenue of C$1.01 billion during the quarter, compared to analysts’ expectations of C$1.01 billion. On average, sell-side analysts anticipate that Boyd Group Services will post 6.4962738 EPS for the current fiscal year.

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.