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

Boyd Group Services (TSE:BYD) had its price target hoisted by CIBC from C$252.00 to C$272.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 27.46% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Raymond James dropped their price target on Boyd Group Services from C$295.00 to C$285.00 in a research report on Thursday, November 7th. National Bankshares dropped their price objective on Boyd Group Services from C$270.00 to C$245.00 in a report on Wednesday, November 6th. Stifel Nicolaus dropped their price objective on Boyd Group Services from C$280.00 to C$275.00 in a report on Monday, October 28th. TD Securities dropped their price objective on Boyd Group Services from C$300.00 to C$270.00 in a report on Wednesday, November 6th. Finally, ATB Capital dropped their price objective on Boyd Group Services from C$340.00 to C$320.00 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$278.08.

Boyd Group Services Stock Performance

BYD stock traded up C$3.92 during midday trading on Monday, hitting C$213.40. The company’s stock had a trading volume of 33,724 shares, compared to its average volume of 53,305. The stock’s 50-day moving average price is C$215.71 and its 200 day moving average price is C$222.28. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 146.14. Boyd Group Services has a 1 year low of C$198.61 and a 1 year high of C$324.75. The stock has a market cap of C$4.58 billion, a price-to-earnings ratio of 56.91, a PEG ratio of -56.72 and a beta of 0.99.

Boyd Group Services (TSE:BYD) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.20 earnings per share 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 business had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.03 billion. On average, equities analysts forecast that Boyd Group Services will post 7.1452646 EPS for the current year.

Insider Activity

In related news, Director Robert Berthold Espey purchased 200 shares of Boyd Group Services stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average cost of C$220.00 per share, for a total transaction of C$44,000.00. Corporate insiders own 0.37% of the company’s stock.

About Boyd Group Services

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.