Boyd Group Services (TSE:BYD) Trading Up 0.4% – Time to Buy?

Boyd Group Services Inc. (TSE:BYD) shares traded up 0.4% on Thursday . The stock traded as high as C$215.62 and last traded at C$215.46. 9,914 shares changed hands during trading, a decline of 84% from the average session volume of 60,272 shares. The stock had previously closed at C$214.70.

Analyst Upgrades and Downgrades

BYD has been the topic of a number of recent analyst reports. ATB Capital cut their target price on Boyd Group Services from C$340.00 to C$320.00 in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their price target on Boyd Group Services from C$280.00 to C$275.00 in a research note on Monday, October 28th. Raymond James reduced their price objective on shares of Boyd Group Services from C$295.00 to C$285.00 in a research note on Thursday, November 7th. National Bankshares decreased their target price on shares of Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets cut their price target on shares of Boyd Group Services from C$260.00 to C$250.00 in a report on Wednesday, November 6th. Two investment 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 stock. According to data from MarketBeat, Boyd Group Services presently has a consensus rating of “Buy” and an average target price of C$277.75.

Boyd Group Services Trading Up 0.4 %

The business’s 50-day simple moving average is C$216.21 and its 200-day simple moving average is C$226.24. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 146.14. The company has a market cap of C$4.63 billion, a PE ratio of 57.46, a P/E/G ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of C$1.03 billion. As a group, analysts expect that Boyd Group Services Inc. will post 7.1452646 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert Berthold Espey bought 200 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average cost of C$220.00 per share, for a total transaction of C$44,000.00. 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.